FIFTH THIRD BANCORP (FITB) Stock Technical Analysis
NASDAQ:FITB - Nasdaq - US3167731005 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to FITB. FITB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
FITB is one of the lesser performing stocks in the Banks industry. 79% of 396 stocks in the same industry do better.
In the last month FITB has a been trading in the 36.55 - 39.78 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FITB has an average volume of 4951990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, FITB turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
FITB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FITB is lagging the market slightly.
Although the technical rating is bad, FITB does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for FITB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
32.98
44.08
3 important support areas can be observed.
- Support @38.01 from a trend line in the daily time frame.
- Support @35.05 from a trend line in the weekly time frame.
- A support zone ranging from 33.31 to 33.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 38.11 to 38.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.25 to 40.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @43.64 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for FITB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FITB is neutral. |
| ChartMill Relative Strength | 48.36 | 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) | DOWN | MIXED | The current price of FITB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FITB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.41 | NEUTRAL | The RSI value for FITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests FITB has a negative trend. |
| Stochastics (14,3) | 49.5 | NEUTRAL | The Stochastics value for FITB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for FITB suggests low volalility. |
| Average Directional Index/ADX (14) | 19.03 | NEGATIVE | The low ADX value for FITB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
38.08
-0.11 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.29%
1 Week2.37%
2 Weeks-3.94%
1 Month2.64%
3 Month-4.94%
6 Month-19.34%
12 Month5.4%
2 Year45.29%
3 Year13.33%
5 Year97.51%
10 Year82.9%
15 Year209.85%
Volatility
ATR(14)0.65
ATR(20)%1.91%
ATR Inc-0.44%
Range Today0.89
ADR(20)0.61
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.36
Mansfield-1.05
10 Day High39.59
10 Day Low36.64
20 Day High39.78
20 Day Low36.55
52 Week High49.07
52 Week Low32.25
CS1 End38.01
CR1 Start38.11
Volume & EV
DER(3)5.13%
DER(5)3.55%
Volume4.20M
Volume Incr20.95%
Vol(5)4.14M
Vol(50)4.95M