The Greedy Trader Weekly Analysis
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Fifth Third Bancorp
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Summary:
Weekly :Broken trend support lineBroken trend support lineStochastic signal line moved above oversold area
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARBullish Doji CandlestickThe price moved above the moving average in the center of the Bollinger Bands
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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 1.50 points, or 5.80%, and closed at 27.36 on Friday, November 02, 2018. Weekly volume was 57% above 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 (33.47) is broken. A broken support is considered to be a long-term bearish signal. 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 24.10 on October 23, 2018. FITB lost 10.57 points, or 30.49%, in 23 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend support line (28.88) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See FITB weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 Lane's Stochastic 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. 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 September 20, 2018 at 30.13 and reached 24.10 on October 23, 2018. FITB lost 6.03 points, or 20.01%, in 33 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See FITB daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See FITB candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.39
Williams' Percentage Range (W%R) 31.40
Lane's Stochastic (%D-Slow) 84.66
Overbought
Greed/Fear Indicator (GFI) 69.54
Moving Average Converg./Diverg. (MACD) -0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.61
Williams' Percentage Range (W%R) 54.80
Lane's Stochastic (%D-Slow) 25.59
Greed/Fear Indicator (GFI) 38.29
Moving Average Converg./Diverg. (MACD) -0.71
Trading Signals
Description Value Chart
Monthly Trendline Support 28.88
Upper Bollinger Band 28.77
50 Day Moving Average 28.12
Monthly Trendline Resistance 28.03
Price 27.36
Daily Stochastic Crossing 27.32
20 Day Moving Average 26.77
Weekly Stochastic Crossing 25.63
Lower Bollinger Band 25.14
Parabolic System 24.60
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Regional-Midwest Banks 46
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 30.13
High Date 09/20/2018
Low 24.10
Low Date 10/23/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.31
High Date 08/21/2018
Low 24.10
Low Date 10/23/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Support
Resistance 28.03
Support 28.88
High 34.67
High Date 05/15/2018
Low 24.10
Low Date 10/23/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 36.92
Support 33.47
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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