FIFTH THIRD BANCORP (FITB)

US3167731005 - Common Stock

37.115  +0.38 (+1.02%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to FITB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FITB is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
FITB is part of the Banks industry. There are 415 other stocks in this industry. FITB outperforms 91% of them.
FITB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
FITB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
FITB has an average volume of 5685180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, FITB did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Weekly and Daily overview Charts
FITB Weekly chart
FITB Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, FITB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.72, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

32.48

37.49

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 35.99 to 37.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 32.81 to 33.51. This zone is formed by a combination of multiple trend lines in multiple time frames.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.4
Mansfield1.04
10 Day High37.36
10 Day Low34.92
20 Day High37.36
20 Day Low33.48
52 Week High37.36
52 Week Low22.46
Performance
1 Week0.36%
2 Weeks1.41%
1 Month9.41%
3 Month6.52%
6 Month45.05%
12 Month37.91%
2 Year-14.64%
3 Year-1.9%
5 Year45.68%
10 Year60.09%
15 Year1158.22%
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)59.97
LBB35.13
UBB37.28
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
37.0335.981.05 (2.84%)25.00%
An entry @37.03. This is a Buy Stop order right above the resistance zone.An exit @35.98. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.05 points, which is 2.84%.For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of FITB. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FITB Daily chart

FIFTH THIRD BANCORP

NASDAQ:FITB (3/28/2024, 1:12:50 PM)

37.115

+0.38 (+1.02%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.02%
1 Week0.36%
2 Weeks1.41%
1 Month9.41%
3 Month6.52%
6 Month45.05%
12 Month37.91%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.81
ATR(20)%2.38%
ATR Inc
Range Today0.45
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High37.36
10 Day Low34.92
20 Day High37.36
20 Day Low33.48
52 Week High37.36
52 Week Low22.46
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.55M
Volume Incr-21.7%
Vol(5)4.64M
Vol(50)5.69M