FIFTH THIRD BANCORP - Daily - Technical analysis published on 07/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 27.45 | 27.59 | 27.84 | 27.98 | 28.23 | 28.37 | 28.62 |
Camarilla | 27.99 | 28.03 | 28.06 | 28.10 | 28.14 | 28.17 | 28.21 |
Woodie | 27.51 | 27.62 | 27.91 | 28.01 | 28.30 | 28.40 | 28.68 |
Fibonacci | 27.59 | 27.74 | 27.83 | 27.98 | 28.13 | 28.22 | 28.37 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 25.78 | 26.17 | 26.91 | 27.31 | 28.05 | 28.44 | 29.18 |
Camarilla | 27.34 | 27.45 | 27.55 | 27.65 | 27.76 | 27.86 | 27.97 |
Woodie | 25.95 | 26.26 | 27.09 | 27.39 | 28.22 | 28.53 | 29.36 |
Fibonacci | 26.17 | 26.60 | 26.87 | 27.31 | 27.74 | 28.01 | 28.44 |
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% |
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:
- Fifth Third and CommonBond Help Enable Students and Families to Finance College
- Fifth Third Bank, Employees and Customers Provide Nearly 3 Million Meals for Families Across 10 States
- Option-trading opportunities on Apple Inc., Fifth Third Bancorp, Marvell Technology Group, Micron Technology Inc., and NVIDIA Corp.
- First Financial Bankshares Set to Join S&P MidCap 400; Ferro to Join S&P SmallCap 600
- Fifth Third Launches Dobot, an App to Help Consumers Achieve Goals
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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