FIFTH THIRD BANCORP (FITB) Stock Technical Analysis
NASDAQ:FITB - Nasdaq - US3167731005 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to FITB. FITB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
FITB has an average volume of 5138860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, FITB outperforms 68% of them, which is more or less in line with the market.
FITB is part of the Banks industry. There are 396 other stocks in this industry, FITB did better than 64% 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.
Besides having an excellent technical rating, FITB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
33.18
45.41
We found 6 important support areas.
- A support zone ranging from 40.87 to 40.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.32 from a trend line in the daily time frame.
- Support @37.97 from a horizontal line in the daily time frame.
- Support @37.20 from a horizontal line in the daily time frame.
- Support @36.07 from a trend line in the weekly time frame.
- Support @33.52 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 43.29 to 43.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for FITB is up. |
| ChartMill Relative Strength | 68.02 | 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) | UP | POSITIVE | The current price of FITB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.39 | NEUTRAL | The RSI value for FITB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests FITB has a negative trend. |
| Stochastics (14,3) | 60.29 | NEUTRAL | The Stochastics value for FITB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for FITB suggests low volalility. |
| Average Directional Index/ADX (14) | 33.8 | 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 43.86 | 41.96 | 1.90 (4.33%) | 23.08% |
| An entry @43.86. This is a Buy Stop order right above the resistance zone. | An exit @41.96. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.90 points, which is 4.33%. | When investing 23.08% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
42.96
-0.07 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.16%
1 Week-1.81%
2 Weeks-0.26%
1 Month9.2%
3 Month21.77%
6 Month-2.76%
12 Month1.63%
2 Year47.63%
3 Year25.91%
5 Year116.31%
10 Year103.89%
15 Year238%
Volatility
ATR(14)0.87
ATR(20)%1.96%
ATR Inc-6.7%
Range Today0.78
ADR(20)0.83
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.02
Mansfield-0.46
10 Day High44.34
10 Day Low41.97
20 Day High44.34
20 Day Low39.09
52 Week High49.07
52 Week Low32.25
CS1 End40.92
CR1 Start43.29
Volume & EV
DER(3)-1.13%
DER(5)-1.67%
Volume5.85M
Volume Incr61.86%
Vol(5)9.22M
Vol(50)5.14M