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. Recently some decent action could be observed, but in the medium term time frame this is still negative.
FITB is part of the Banks industry. There are 395 other stocks in this industry, of which 66% are performing better than FITB.
In the last month FITB has a been trading in the 36.64 - 40.06 range, which is quite wide. It is currently trading near the high of this range.
FITB has an average volume of 4544020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, FITB outperforms 58% of them, which is more or less in line with the market.
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 only medium, FITB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 39.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.32, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.18
44.08
3 important support areas can be observed.
- A support zone ranging from 37.97 to 39.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.34 from a trend line in the weekly time frame.
- A support zone ranging from 33.52 to 33.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 39.65 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 | NEUTRAL | NEUTRAL | The long term trend for FITB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FITB is neutral. |
| ChartMill Relative Strength | 58.78 | NEUTRAL | FITB is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of FITB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.21 | NEUTRAL | The RSI value for FITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests FITB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.58 | NEUTRAL | The Stochastics value for FITB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for FITB suggests low volalility. |
| Average Directional Index/ADX (14) | 13.77 | 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)
39.34
+0.56 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.44%
1 Week0.92%
2 Weeks2.72%
1 Month4.66%
3 Month-0.35%
6 Month-8.36%
12 Month9.1%
2 Year50.1%
3 Year17.08%
5 Year104.05%
10 Year88.95%
15 Year220.1%
Volatility
ATR(14)0.81
ATR(20)%1.94%
ATR Inc5.29%
Range Today0.5
ADR(20)0.69
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.78
Mansfield-0.77
10 Day High40.06
10 Day Low37.86
20 Day High40.06
20 Day Low36.64
52 Week High49.07
52 Week Low32.25
CS1 End39.32
CR1 Start39.65
Volume & EV
DER(3)2.73%
DER(5)2.09%
Volume10.18M
Volume Incr35.95%
Vol(5)5.19M
Vol(50)4.54M