The Greedy Trader Weekly Analysis
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Archive
- 7/6/2018
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Fifth Third Bancorp
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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the price
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It was a first positive week after 3 consecutive negative weeks for the Fifth Third Bancorp (FITB). During the week, the FITB gained 0.44 points, or 1.53%, and closed at 29.14 on Friday, July 06, 2018. Weekly volume was -17% below average.

Long-term trend: [See FITB long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 13.84 and reached 34.67 on May 15, 2018. FITB gained -20.83 points, or -150.51%, in 117 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (31.08) 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 May 15, 2018 at 34.67 and reached 28.55 on June 28, 2018. FITB lost 6.12 points, or 17.65%, in 6 weeks. The price is now at the 9.64% retracement level.

Weekly Technical Indicators: [See FITB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 23, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See FITB short-term trend chart]
A short-term downtrend had started on June 7, 2018 at 32.01 and reached 28.55 on June 28, 2018. FITB lost 3.46 points, or 10.81%, in 21 days. The price is now at the 17.05% retracement level.

Daily Technical Indicators: [See FITB daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since June 13, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (29.19) comes close to the price (29.14). 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) 26.17
Williams' Percentage Range (W%R) 92.70
Strong Oversold
Lane's Stochastic (%D-Slow) 18.40
Oversold
Greed/Fear Indicator (GFI) 17.30
Oversold
Moving Average Converg./Diverg. (MACD) -0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.31
Williams' Percentage Range (W%R) 95.90
Strong Oversold
Lane's Stochastic (%D-Slow) 15.55
Oversold
Greed/Fear Indicator (GFI) 21.50
Moving Average Converg./Diverg. (MACD) 0.53
Trading Signals
Description Value Chart
Upper Bollinger Band 31.92
50 Day Moving Average 31.52
Quarterly Trendline Support 31.08
20 Day Moving Average 30.09
Weekly Stochastic Crossing 29.35
Parabolic System 29.19
Price 29.14
Daily Stochastic Crossing 28.89
Lower Bollinger Band 27.95
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Regional-Midwest Banks 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 32.01
High Date 06/07/2018
Low 28.55
Low Date 06/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.67
High Date 05/15/2018
Low 28.55
Low Date 06/28/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.20
Low Date 06/01/2017
High 34.67
High Date 05/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 35.34
Support 31.08
Low 13.84
Low Date 02/11/2016
High 34.67
High Date 05/15/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1.01
Low Date 02/20/2009
High 34.67
High Date 05/15/2018
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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