FIFTH THIRD BANCORP (FITB) Stock Technical Analysis
NASDAQ:FITB - Nasdaq - US3167731005 - Common Stock - Currency: USD
Overall FITB gets a technical rating of 5 out of 10. FITB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
FITB has an average volume of 5433600 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 52% of all stocks.
FITB is part of the Banks industry. There are 393 other stocks in this industry, FITB did better than 49% of them.
FITB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FITB is lagging the market.
In the last month FITB has a been trading in the 40.22 - 43.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 41.21, a Stop Loss order could be placed below this zone. 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
33.18
45.41
We found 3 important support areas.
- A support zone ranging from 40.90 to 41.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.50 from a trend line in the weekly time frame.
- Support @33.52 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 41.54 to 44.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.96 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 | UP | POSITIVE | The long term trend for FITB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FITB is neutral. |
| ChartMill Relative Strength | 52.12 | NEUTRAL | FITB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FITB is below a declining 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) | DOWN | NEGATIVE | The current price of FITB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.35 | NEUTRAL | The RSI value for FITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests FITB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.03 | NEUTRAL | The Stochastics value for FITB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for FITB suggests some volalility. |
| Average Directional Index/ADX (14) | 25.47 | POSITIVE | The high ADX value value for FITB suggests a strong 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)
41.27
-0.37 (-0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.89%
1 Week-0.39%
2 Weeks-2.96%
1 Month-5.67%
3 Month4.11%
6 Month-6.33%
12 Month1.45%
2 Year55.44%
3 Year20.85%
5 Year99.76%
10 Year107.18%
15 Year273.82%
Volatility
ATR(14)0.72
ATR(20)%2.03%
ATR Inc-15.17%
Range Today0.69
ADR(20)0.82
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.12
Mansfield-0.87
10 Day High42.88
10 Day Low40.22
20 Day High43.92
20 Day Low40.22
52 Week High49.07
52 Week Low32.25
CS1 End41.21
CR1 Start41.54
Volume & EV
DER(3)3.14%
DER(5)0.71%
Volume3.74M
Volume Incr-42%
Vol(5)3.60M
Vol(50)5.43M