FIFTH THIRD BANCORP (FITB) Stock Technical Analysis
NASDAQ:FITB - Nasdaq - US3167731005 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to FITB. FITB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month FITB has a been trading in the 37.81 - 42.56 range, which is quite wide. It is currently trading near the high of this range.
FITB has an average volume of 4445940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that FITB is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
FITB is part of the Banks industry. There are 395 other stocks in this industry, FITB did better than 51% 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.
Volume is considerably higher in the last couple of days.
FITB has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
33.18
44.08
4 important support areas can be observed.
- A support zone ranging from 39.33 to 39.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.97 to 38.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.63 from a trend line in the weekly time frame.
- Support @33.52 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- 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 | 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 | 77.12 | POSITIVE | FITB has a high relative strength, it outperformed 77.12% 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) | 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) | 71.33 | OVERBOUGHT | The high RSI value suggests FITB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests FITB has a positive trend. |
| Stochastics (14,3) | 93.96 | OVERBOUGHT | The high Stochastics value suggests FITB may be overbought. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for FITB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | NEUTRAL | The ADX value for FITB suggests a possible start of a new 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)
42.44
+1.31 (+3.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.19%
1 Week4.56%
2 Weeks10.75%
1 Month11.45%
3 Month25.75%
6 Month0.12%
12 Month17.86%
2 Year45.84%
3 Year24.38%
5 Year113.7%
10 Year101.42%
15 Year233.91%
Volatility
ATR(14)0.86
ATR(20)%2%
ATR Inc56.6%
Range Today1.93
ADR(20)0.77
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.12
Mansfield-0.44
10 Day High42.57
10 Day Low37.88
20 Day High42.57
20 Day Low37.81
52 Week High49.07
52 Week Low32.25
CS1 End39.69
CR1 Start41.52
Volume & EV
DER(3)1.33%
DER(5)2.67%
Volume5.03M
Volume Incr40.42%
Vol(5)6.60M
Vol(50)4.45M