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Advanced TA SearchArchive
- 4/26/2024 -
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Fifth Third Bancorp (FITB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Fifth Third Bancorp (FITB). During the week, the FITB gained 0.65 points, or 1.79%, and closed at 36.90 on Friday, April 26, 2024. Weekly volume was -34% below average.
FITB is a member of Financials Sector. Financials 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 March 13, 2023 at 22.11 and reached 37.41 on March 28, 2024. FITB gained -15.30 points, or -69.20%, in 54 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 34.52 and resistance is at 37.42. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See FITB medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 32.29 and reached 37.41 on March 28, 2024. FITB gained -5.12 points, or -15.86%, in 6 weeks. The price is now at the 9.96% retracement level.
 Weekly Technical Indicators: [See FITB weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 April 12, 2024. The distance between MACD and the signal line is low and getting smaller. 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 February 26, 2024 at 33.03 and reached 37.41 on March 28, 2024. FITB gained -4.38 points, or -13.26%, in 31 days. The price is now at the 11.64% retracement level.
 Daily Technical Indicators: [See FITB daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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