The Greedy Trader Weekly Analysis
Sign In Jan 18, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 2
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Fifth Third Bancorp
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal line
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the Fifth Third Bancorp (FITB). During the week, the FITB gained 0.30 points, or 1.21%, and closed at 25.06 on Friday, January 11, 2019. Weekly volume was -16% below average.

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 Broadening Descending Wedge chart pattern. The trend support level is at 21.32 and resistance is at 27.62. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FITB medium-term trend chart]
A medium-term downtrend had started on August 21, 2018 at 30.31 and reached 22.12 on December 26, 2018. FITB lost 8.19 points, or 27.02%, in 18 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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. 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 December 26, 2018 at 22.12 and reached 25.27 on January 9, 2019. FITB gained -3.15 points, or -14.24%, in 14 days. The price is now at the 6.67% retracement level.

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

The daily MACD line is above its signal line since December 28, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.12
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 90.41
Strong Overbought
Greed/Fear Indicator (GFI) 83.43
Overbought
Moving Average Converg./Diverg. (MACD) -0.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.94
Williams' Percentage Range (W%R) 67.40
Lane's Stochastic (%D-Slow) 22.76
Greed/Fear Indicator (GFI) 33.82
Moving Average Converg./Diverg. (MACD) -1.21
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 27.62
Upper Bollinger Band 26.24
50 Day Moving Average 25.75
Price 25.06
Daily Stochastic Crossing 25.06
Parabolic System 24.38
20 Day Moving Average 23.91
Weekly Stochastic Crossing 23.54
Lower Bollinger Band 22.92
Quarterly Trendline Support 21.32
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Regional-Midwest Banks 36
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 24.64
Low Date 01/10/2019
High 25.13
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.12
Low Date 12/26/2018
High 25.27
High Date 01/09/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.31
High Date 08/21/2018
Low 22.12
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 27.62
Support 21.32
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.

Copyright© 2004-2018 All rights reserved.