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Internet & Direct Marketing Retail Industry Stocks Technical Analysis - FITBArchive
- 5/10/2024 -
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Fifth Third Bancorp (FITB) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a fourth consecutive positive week for the Fifth Third Bancorp (FITB). During the week, the FITB gained 1.22 points, or 3.25%, and closed at 38.78 on Friday, May 10, 2024. Weekly volume was -39% 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 39.04 on May 10, 2024. FITB gained -16.93 points, or -76.57%, in 60 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (34.98) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 May 4, 2023 at 22.46 and reached 39.04 on May 10, 2024. FITB gained -16.58 points, or -73.82%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (38.97). 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 medium-term trend.
 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 16, 2024 at 33.82 and reached 39.04 on May 10, 2024. FITB gained -5.22 points, or -15.43%, in 24 days. Price is near the trend high.
 Daily Technical Indicators: [See FITB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 19, 2024. This is an indication that the short-term trend is up.
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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 |
Financials |
9 |
| Industry |
Regional Banks |
105 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
33.82 |
| Low Date |
04/16/2024 |
| High |
39.04 |
| High Date |
05/10/2024 |
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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 |
32.29 |
| Low Date |
02/13/2024 |
| High |
39.04 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Test Resistance |
| Resistance |
38.97 |
| Support |
34.75 |
| Low |
22.46 |
| Low Date |
05/04/2023 |
| High |
39.04 |
| High Date |
05/10/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Resistance |
| Resistance |
37.70 |
| Support |
34.98 |
| Low |
22.11 |
| Low Date |
03/13/2023 |
| High |
39.04 |
| High Date |
05/10/2024 |
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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 |
50.64 |
| High Date |
01/18/2022 |
| Low |
22.11 |
| Low Date |
03/13/2023 |
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