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Archive
- 8/20/2010
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Fifth Third Bancorp |
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the third consecutive negative week for the Fifth Third Bancorp (FITB). During the week, the FITB dropped -0.57 points, or -4.70%, and closed at 11.56 on Friday, August 20, 2010. Weekly volume was -36% below average.
 Long-term trend: [See FITB long-term trend chart]
A long-term uptrend had started on February 20, 2009 at 1.01 and reached 15.95 on April 21, 2010. FITB gained -14.94 points, or -1479.21%, in 60 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (17.85) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FITB may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See FITB medium-term trend chart]
A medium-term downtrend had started on April 21, 2010 at 15.95 and reached 11.26 on July 21, 2010. FITB lost 4.69 points, or 29.40%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (10.84) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See FITB weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since May 14, 2010. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See FITB short-term trend chart]
A short-term uptrend had started on July 21, 2010 at 11.26 and reached 13.58 on August 3, 2010. FITB gained -2.32 points, or -20.60%, in 13 days. The price is now at the 87.07% retracement level.
 Daily Technical Indicators: [See FITB daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since August 11, 2010.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financial |
4 |
| Industry |
Regional-Midwest Banks |
30 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
11.26 |
| Low Date |
07/21/2010 |
| High |
13.58 |
| High Date |
08/03/2010 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
11.26 |
| Low Date |
07/21/2010 |
| High |
13.58 |
| High Date |
08/03/2010 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
11.09 |
| Support |
10.84 |
| High |
15.95 |
| High Date |
04/21/2010 |
| Low |
11.26 |
| Low Date |
07/21/2010 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
18.22 |
| Support |
17.85 |
| Low |
1.01 |
| Low Date |
02/20/2009 |
| High |
15.95 |
| High Date |
04/21/2010 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
43.32 |
| High Date |
05/23/2007 |
| Low |
1.01 |
| Low Date |
02/20/2009 |
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