Overall FITB gets a technical rating of 4 out of 10. FITB has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, FITB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 42.95, a Stop Loss order could be placed below this zone.
More info and screens
34.18
3 important support areas can be observed.
- A support zone ranging from 42.26 to 42.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.35 to 41.55. 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.
- Resistance @45.61 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for FITB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FITB is up. |
| ChartMill Relative Strength | 27.88 | NEGATIVE | FITB has a low relative strength, it was outperformed by 72.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FITB is above 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) | UP | POSITIVE | The current price of FITB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.22 | NEUTRAL | The RSI value for FITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests FITB has a positive trend. |
| Stochastics (14,3) | 88.34 | OVERBOUGHT | The high Stochastics value suggests FITB may be overbought. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for FITB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.31 | NEGATIVE | The low ADX value for FITB suggests a weak or negative trend. |
43.46
+0.13 (+0.3%)
FIFTH THIRD BANCORP / FITB FAQ
What is the technical rating for FITB stock?
ChartMill assigns a technical rating of 4 / 10 to FITB.
What is the current trend direction of FIFTH THIRD BANCORP (FITB) stock?
The current trend direction for FIFTH THIRD BANCORP (FITB) is Bearish.
What is the RSI signal for FITB stock?
FIFTH THIRD BANCORP (FITB) has an RSI value of 58.2247. This indicates that the stock is currently neutral.
What is the MACD signal for FITB stock?
The MACD indicator for FIFTH THIRD BANCORP (FITB) has a value of 0.201068, indicating a bearish trend.