FIFTH THIRD BANCORP (FITB) Stock Technical Analysis
USA - NASDAQ:FITB - US3167731005 - Common Stock
Overall FITB gets a technical rating of 0 out of 10. FITB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
FITB has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 41.04, a Stop Loss order could be placed below this zone.
More info and screens
34.18
2 important support areas can be observed.
- A support zone ranging from 40.35 to 41.04. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 41.66 to 42.70. 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.
- A resistance zone ranging from 46.09 to 46.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for FITB is down. |
| ChartMill Relative Strength | 27.42 | NEGATIVE | FITB has a low relative strength, it was outperformed by 72.58% off all stocks 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) | DOWN | NEGATIVE | The current price of FITB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FITB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.91 | NEUTRAL | The RSI value for FITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FITB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.34 | NEUTRAL | The Stochastics value for FITB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for FITB suggests some volalility. |
| Average Directional Index/ADX (14) | 28.97 | POSITIVE | The high ADX value value for FITB suggests a strong trend. |
41.53
-0.09 (-0.22%)
FIFTH THIRD BANCORP / FITB FAQ
What is the technical rating for FITB stock?
ChartMill assigns a technical rating of 0 / 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 40.9147. 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 0.0267623, indicating a bearish trend.