FIFTH THIRD BANCORP (FITB)       31.57  -0.52 (-1.62%)

31.57  -0.52 (-1.62%)

US3167731005 - Common Stock - Premarket: 31.32 -0.25 (-0.79%)

Technical Rating

1

Overall FITB gets a technical rating of 1 out of 10. 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.



FITB has an average volume of 4152960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, FITB outperforms 43% of them, which is more or less in line with the market.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
FITB is part of the Banks industry. There are 309 other stocks in this industry, of which 84% are performing better than FITB.
FITB is currently making a new 52 week low. This is a very bad signal. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month FITB has a been trading in the 31.26 - 36.60 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -8.31% -6.71% -24.47% -27.69% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 43.1 31.26 - 50.64
FITB Weekly chart
FITB Daily chart

Support/Resistance Analysis


31.24

37.14
We found 1 important support area.
  • A support zone ranging from 31.56 to 31.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
  • A resistance zone ranging from 34.03 to 34.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 35.51 to 35.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 36.46 to 36.77. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

2

The technical rating of FITB is bad and it also does not present a quality setup 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.


FITB Daily chart

FIFTH THIRD BANCORP31.57

NASDAQ:FITB (9/27/2022, 7:00:01 PM)-0.52 (-1.62%)

Premarket: 31.32 -0.25 (-0.79%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -1.62% 1 Week -10.16%
2 Weeks -9.75% 1 Month -8.31%
3 Month -6.71% 6 Month -24.47%
Volatility
ATR(14) 1.18 ATR(20)% 3.51%
ATR Inc -1.78% Range Today 1.33
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 43.1 Mansfield -0.79
10 Day High 36.34 10 Day Low 31.26
20 Day High 36.6 20 Day Low 31.26
52 Week High 50.64 52 Week Low 31.26
CS1 End 31.56 CR1 Start 34.03
Volume & EV
DER(3) -0.61% DER(5) -2.83%
Volume 5.27M Volume Incr 28.94%
Vol(5) 4.83M Vol(50) 4.15M

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