The Greedy Trader Weekly Analysis
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Fifth Third Bancorp
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price
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It was the negative week for the Fifth Third Bancorp (FITB). During the week, the FITB dropped -0.32 points, or -1.04%, and closed at 30.37 on Friday, December 08, 2017. Weekly volume was 51% above average.

FITB is a member of Financial Sector. Financial is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See FITB long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 13.84 and reached 31.83 on December 4, 2017. FITB gained -17.99 points, or -129.99%, in 94 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (26.66) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See FITB medium-term trend chart]
A medium-term uptrend had started on September 7, 2017 at 24.66 and reached 31.83 on December 4, 2017. FITB gained -7.17 points, or -29.08%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (28.12) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 15, 2017. This is an indication that the medium-term trend is up. 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 November 13, 2017 at 27.38 and reached 31.83 on December 4, 2017. FITB gained -4.45 points, or -16.25%, in 21 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See FITB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since November 27, 2017. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (30.11) comes close to the price (30.37). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.69
Williams' Percentage Range (W%R) 26.10
Lane's Stochastic (%D-Slow) 68.66
Greed/Fear Indicator (GFI) 71.09
Moving Average Converg./Diverg. (MACD) 0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.20
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 74.69
Bearish
Greed/Fear Indicator (GFI) 74.22
Moving Average Converg./Diverg. (MACD) 0.83 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 31.90
Daily Stochastic Crossing 30.99
Weekly Stochastic Crossing 30.61
Price 30.37
Parabolic System 30.11
Weekly Trendline Resistance 29.77
20 Day Moving Average 29.32
50 Day Moving Average 28.79
Weekly Trendline Support 28.12
Quarterly Trendline Resistance 27.90
Lower Bollinger Band 27.37
Quarterly Trendline Support 26.66
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Regional-Midwest Banks 128
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 27.38
Low Date 11/13/2017
High 31.83
High Date 12/04/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 29.77
Support 28.12
Low 24.66
Low Date 09/07/2017
High 31.83
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.20
Low Date 06/01/2017
High 31.83
High Date 12/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 27.90
Support 26.66
Low 13.84
Low Date 02/11/2016
High 31.83
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1.01
Low Date 02/20/2009
High 31.83
High Date 12/04/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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