FIFTH THIRD BANCORP
FIFTH THIRD BANCORP
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: FITB
ISIN:

FIFTH THIRD BANCORP - Daily - Technical analysis published on 07/08/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 27.93 USD
My targets
28.75 USD (+1.41%)
29.79 USD (+5.08%)
My analysis
The bullish trend is currently very strong on FIFTH THIRD BANCORP. As long as the price remains above the support at 27.93 USD, you could try to benefit from the boom. The first bullish objective is located at 28.75 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 29.79 USD as an objective. Crossing it would then enable buyers to target 30.94 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

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:
15 min. 1H Weekly

Additional analysis

Quotes

The FIFTH THIRD BANCORP price is 28.35 USD. The price registered an increase of +0.89% on the session and was traded between 28.23 USD and 28.64 USD over the period. The price is currently at +0.43% from its lowest and -1.01% from its highest.

28.23
28.64
28.35

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this FIFTH THIRD BANCORP chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24.97 26.47 27.93 28.35 28.75 29.79 30.94
Change (%) -11.92% -6.63% -1.48% - +1.41% +5.08% +9.14%
Change -3.38 -1.88 -0.42 - +0.40 +1.44 +2.59
Level Minor Intermediate Major - Major Minor Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard27.4527.5927.8427.9828.2328.3728.62
Camarilla27.9928.0328.0628.1028.1428.1728.21
Woodie27.5127.6227.9128.0128.3028.4028.68
Fibonacci27.5927.7427.8327.9828.1328.2228.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.7826.1726.9127.3128.0528.4429.18
Camarilla27.3427.4527.5527.6527.7627.8627.97
Woodie25.9526.2627.0927.3928.2228.5329.36
Fibonacci26.1726.6026.8727.3127.7428.0128.44

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 61.93
MACD (12,26,9): 0.2700
Directional Movement: 14.35
AROON (14): 71.43
DEMA (21): 27.73
Parabolic SAR (0,02-0,02-0,2): 26.64
Elder Ray (13): 0.83
Super Trend (3,10): 26.70
Zig ZAG (10): 28.35
VORTEX (21): 1.0700
Stochastique (14,3,5): 75.83
TEMA (21): 27.98
Williams %R (14): -13.71
Chande Momentum Oscillator (20): 0.72
Repulse (5,40,3): -0.0100
ROCnROLL: 1
TRIX (15,9): 0.0600
Courbe Coppock: 6.03
MA7: 27.81
MA20: 27.28
MA50: 27.35
MA100: 26.99
MAexp7: 27.87
MAexp20: 27.45
MAexp50: 27.21
MAexp100: 26.97
Price / MA7: +1.94%
Price / MA20: +3.92%
Price / MA50: +3.66%
Price / MA100: +5.04%
Price / MAexp7: +1.72%
Price / MAexp20: +3.28%
Price / MAexp50: +4.19%
Price / MAexp100: +5.12%

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

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