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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 3/6/2026 -
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Fifth Third Bancorp (FITB) Technical Analysis

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Summary:
Weekly :Trend resistance at 48.37
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldBroken trend support line
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It was the negative week for the Fifth Third Bancorp (FITB). During the week, the FITB dropped -2.17 points, or -4.39%, and closed at 47.30 on Friday, March 6, 2026. Weekly volume was 25% above average.

Long-term trend: [See FITB long-term trend chart]
A long-term uptrend had started on March 19, 2020 at 11.10 and reached 55.44 on February 11, 2026. FITB gained -44.34 points, or -399.46%, in 307 weeks. The chart has formed a Ascending Triangle chart pattern. The price is near the trend resistance line (48.37). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See FITB medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 32.25 and reached 55.44 on February 11, 2026. FITB gained -23.19 points, or -71.91%, in 44 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 43.86 and resistance is at 56.89. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See FITB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 5, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 October 16, 2025 at 40.05 and reached 55.44 on February 11, 2026. FITB gained -15.39 points, or -38.43%, in 118 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (52.29) 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 short-term trend.

Daily Technical Indicators: [See FITB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is below its signal line since February 12, 2026. The distance between MACD and the signal line is relatively high and getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.45
Williams' Percentage Range (W%R) 86.30
Oversold
Lane's Stochastic (%D-Slow) 18.91
Oversold
Greed/Fear Indicator (GFI) 20.34
Moving Average Converg./Diverg. (MACD) -0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.93
Williams' Percentage Range (W%R) 50.70
Lane's Stochastic (%D-Slow) 65.18
Greed/Fear Indicator (GFI) 55.65
Moving Average Converg./Diverg. (MACD) 2.13
Trading Signals
Description Value Chart
Upper Bollinger Band 55.11
Weekly Trendline Support 52.29
Weekly Stochastic Crossing 51.83
20 Day Moving Average 51.82
Parabolic System 51.26
50 Day Moving Average 50.58
Yearly Trendline Resistance 48.37
Daily Stochastic Crossing 47.50
Price 47.30
Lower Bollinger Band 46.32
Monthly Trendline Support 43.86
Sector and Industry
Description Name Rank
Sector Financials 3
Industry Regional Banks 50
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 55.44
High Date 02/11/2026
Low 46.41
Low Date 03/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 58.63
Support 52.29
Low 40.05
Low Date 10/16/2025
High 55.44
High Date 02/11/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 56.89
Support 43.86
Low 32.25
Low Date 04/07/2025
High 55.44
High Date 02/11/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.11
Low Date 03/13/2023
High 55.44
High Date 02/11/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Test Resistance
Resistance 48.37
Support 35.45
Low 11.10
Low Date 03/19/2020
High 55.44
High Date 02/11/2026
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.