Taking everything into account, FITB scores 8 out of 10 in our technical rating. Although FITB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although FITB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.18
4 important support areas can be observed.
- A support zone ranging from 43.70 to 44.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.72 from a trend line in the daily time frame.
- A support zone ranging from 40.35 to 40.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.53 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.20 to 48.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FITB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FITB is up. |
| ChartMill Relative Strength | 69.74 | NEUTRAL | FITB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FITB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FITB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FITB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.99 | NEUTRAL | The RSI value for FITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests FITB has a negative trend. |
| Stochastics (14,3) | 47.75 | NEUTRAL | The Stochastics value for FITB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for FITB suggests low volalility. |
| Average Directional Index/ADX (14) | 42.57 | POSITIVE | The high ADX value value for FITB suggests a strong trend. |
46.81
-0.72 (-1.51%)
FIFTH THIRD BANCORP / FITB FAQ
What is the technical rating for FITB stock?
ChartMill assigns a technical rating of 8 / 10 to FITB.
Can you provide the trend direction for FIFTH THIRD BANCORP?
The current trend direction for FIFTH THIRD BANCORP (FITB) is Bullish.
What is the RSI signal for FITB stock?
FIFTH THIRD BANCORP (FITB) has an RSI value of 53.992. This indicates that the stock is currently neutral.
What is the MACD signal for FIFTH THIRD BANCORP (FITB) stock?
The MACD indicator for FIFTH THIRD BANCORP (FITB) has a value of -0.195175, indicating a bearish trend.
What is the short term momentum for FIFTH THIRD BANCORP (FITB) stock?
The short term momentum for FIFTH THIRD BANCORP (FITB) is positive.