The Greedy Trader Weekly Analysis
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Number of records: 8
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Fifth Third Bancorp
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Summary:
Weekly :Broken trend support lineTrend support at 29.75
Daily :Price has crossed above the 50 Day Moving AverageThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was a first positive week for the Fifth Third Bancorp (FITB). During the week, the FITB climbed 0.06 points, or 0.20%, and closed at 29.49 on Friday, September 07, 2018. Weekly volume was -13% 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 (32.33) 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 28.29 on July 19, 2018. FITB lost 6.38 points, or 18.40%, in 9 weeks. The chart has formed a Falling Pennant chart pattern. The price is near the trend support (29.75) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

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

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 low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 August 28, 2018 at 29.94 and reached 29.04 on August 31, 2018. FITB lost 0.90 points, or 3.01%, in 3 days. The price is now at the 50.00% retracement level.

Daily Technical Indicators: [See FITB daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since September 5, 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.

The distance between the Bollinger Bands (3.12%) is close to one year low (3.23%). It is 64.34% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.93
Williams' Percentage Range (W%R) 55.90
Lane's Stochastic (%D-Slow) 55.32
Greed/Fear Indicator (GFI) 48.45
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.54
Williams' Percentage Range (W%R) 79.50
Lane's Stochastic (%D-Slow) 49.81
Greed/Fear Indicator (GFI) 38.42
Moving Average Converg./Diverg. (MACD) -0.29
Trading Signals
Description Value Chart
Quarterly Trendline Support 32.33
Upper Bollinger Band 30.04
Parabolic System 30.00
Monthly Trendline Support 29.75
Daily Stochastic Crossing 29.59
20 Day Moving Average 29.57
Monthly Trendline Resistance 29.51
Price 29.49
50 Day Moving Average 29.46
Weekly Stochastic Crossing 29.36
Lower Bollinger Band 29.11
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Regional-Midwest Banks 97
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.94
High Date 08/28/2018
Low 29.04
Low Date 08/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.29
Low Date 07/19/2018
High 30.31
High Date 08/21/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Test Support
Resistance 29.51
Support 29.75
High 34.67
High Date 05/15/2018
Low 28.29
Low Date 07/19/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 36.17
Support 32.33
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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