FIFTH THIRD BANCORP - FITB 6 PERP (FITBP) Stock Technical Analysis
NASDAQ:FITBP - Nasdaq - US3167738869 - Currency: USD
Overall FITBP gets a technical rating of 2 out of 10. FITBP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, FITBP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.31, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
23.42
When analyzing the support we notice one important area.
- A support zone ranging from 23.66 to 24.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.36 to 25.51. This zone is formed by a combination of multiple trend lines and important moving averages 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 FITBP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FITBP is neutral. |
| ChartMill Relative Strength | 38.11 | NEUTRAL | FITBP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FITBP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FITBP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FITBP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.31 | NEUTRAL | The RSI value for FITBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FITBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.12 | NEUTRAL | The Stochastics value for FITBP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for FITBP suggests low volalility. |
| Average Directional Index/ADX (14) | 16.25 | NEGATIVE | The low ADX value for FITBP suggests a weak or negative trend. |
FIFTH THIRD BANCORP - FITB 6 PERP
NASDAQ:FITBP (8/4/2025, 8:02:01 PM)
After market: 24.325 -0.02 (-0.06%)24.34
-0.11 (-0.45%)