FIFTH THIRD BANCORP

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	FITB
ISIN:

FIFTH THIRD BANCORP - Daily - Technical analysis published on 06/24/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 26.47 USD

My targets

27.95 USD (+2.16%)

28.75 USD (+5.08%)

My analysis

The basic bullish trend is very strong on FIFTH THIRD BANCORP but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 26.47 USD. Crossing the first resistance at 27.95 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 28.75 USD as an objective. Crossing it would then enable buyers to target 29.79 USD. Caution, a return to below 26.47 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

FIFTH THIRD BANCORP rating 27.36 USD. The price registered an increase of +0.22% on the session and was between 27.20 USD and 27.58 USD. This implies that the price is at +0.59% from its lowest and at -0.80% from its highest.

27.20

27.58

27.36

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this FIFTH THIRD BANCORP chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.43	24.97	26.47	27.36	27.95	28.75	29.79
Change (%)	-14.36%	-8.74%	-3.25%	-	+2.16%	+5.08%	+8.88%
Change	-3.93	-2.39	-0.89	-	+0.59	+1.39	+2.43
Level	Major	Minor	Intermediate	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.13	26.45	26.87	27.19	27.61	27.93	28.35
Camarilla	27.10	27.16	27.23	27.30	27.37	27.44	27.50
Woodie	26.19	26.48	26.93	27.21	27.67	27.95	28.41
Fibonacci	26.45	26.73	26.90	27.19	27.47	27.64	27.93

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.31	26.62	27.01	27.32	27.71	28.02	28.41
Camarilla	27.20	27.26	27.33	27.39	27.45	27.52	27.58
Woodie	26.34	26.64	27.04	27.34	27.74	28.04	28.44
Fibonacci	26.62	26.89	27.06	27.32	27.59	27.76	28.02

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.05
MACD (12,26,9):	0.0000
Directional Movement:	3.67
AROON (14):	85.71
DEMA (21):	27.24
Parabolic SAR (0,02-0,02-0,2):	28.39
Elder Ray (13):	0.12
Super Trend (3,10):	28.19
Zig ZAG (10):	27.36
VORTEX (21):	0.9100
Stochastique (14,3,5):	44.17
TEMA (21):	27.27
Williams %R (14):	-63.19
Chande Momentum Oscillator (20):	0.19
Repulse (5,40,3):	-0.5300
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	2.79

MA7:	27.34
MA20:	27.14
MA50:	27.56
MA100:	27.11
MAexp7:	27.32
MAexp20:	27.27
MAexp50:	27.25
MAexp100:	27.09
Price / MA7:	+0.07%
Price / MA20:	+0.81%
Price / MA50:	-0.73%
Price / MA100:	+0.92%
Price / MAexp7:	+0.15%
Price / MAexp20:	+0.33%
Price / MAexp50:	+0.40%
Price / MAexp100:	+1.00%

News

Don"t forget to follow the news on FIFTH THIRD BANCORP. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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