The Greedy Trader Weekly Analysis
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Fifth Third Bancorp
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Fifth Third Bancorp (FITB). During the week, the FITB dropped -0.44 points, or -1.64%, and closed at 26.43 on Friday, February 8, 2019. FITB was trading at average weekly trading volume.

FITB is a member of Financial Sector. Financial is the second 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 downtrend had started on May 15, 2018 at 34.67 and reached 22.12 on December 26, 2018. FITB lost 12.55 points, or 36.20%, in 32 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (19.69) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See FITB medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 22.12 and reached 28.02 on January 25, 2019. FITB gained -5.90 points, or -26.67%, in 4 weeks. The price is now at the 26.95% retracement level.

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

The weekly MACD line is above its signal line since January 18, 2019. This is an indication that the medium-term trend is up. 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 January 25, 2019 at 28.02 and reached 26.16 on February 8, 2019. FITB lost 1.86 points, or 6.64%, in 14 days. The price is now at the 14.52% retracement level.

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

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

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.14
Williams' Percentage Range (W%R) 38.50
Lane's Stochastic (%D-Slow) 27.45
Greed/Fear Indicator (GFI) 43.04
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.83
Williams' Percentage Range (W%R) 42.60
Lane's Stochastic (%D-Slow) 69.66
Greed/Fear Indicator (GFI) 57.68
Moving Average Converg./Diverg. (MACD) -1.14
Trading Signals
Description Value Chart
Upper Bollinger Band 28.07
Parabolic System 27.47
20 Day Moving Average 26.80
Weekly Stochastic Crossing 26.59
Daily Stochastic Crossing 26.48
Price 26.43
50 Day Moving Average 25.58
Lower Bollinger Band 25.01
Quarterly Trendline Resistance 23.55
Sector and Industry
Description Name Rank
Sector Financial 8
Industry Regional-Midwest Banks 69
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.55
High Date 02/07/2019
Low 26.16
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.02
High Date 01/25/2019
Low 26.16
Low Date 02/08/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.12
Low Date 12/26/2018
High 28.02
High Date 01/25/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 23.55
Support 19.69
High 34.67
High Date 05/15/2018
Low 22.12
Low Date 12/26/2018
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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