The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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Number of records: 11
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Fifth Third Bancorp
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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceBearish Advance Block CandlestickThe price has risen above the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a first positive week for the Fifth Third Bancorp (FITB). During the week, the FITB gained 1.35 points, or 4.14%, and closed at 33.98 on Friday, May 11, 2018. Weekly volume was -24% below average.

Long-term trend: [See FITB long-term trend chart]
A long-term uptrend had started on June 1, 2017 at 23.20 and reached 34.57 on March 13, 2018. FITB gained -11.37 points, or -49.01%, in 40 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 32.41 and resistance is at 35.34. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See FITB medium-term trend chart]
A medium-term uptrend had started on April 2, 2018 at 30.45 and reached 34.19 on May 11, 2018. FITB gained -3.74 points, or -12.28%, in 5 weeks. The price is now at the 5.61% retracement level.

Weekly Technical Indicators: [See FITB weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 23, 2018. 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 May 3, 2018 at 31.80 and reached 34.19 on May 11, 2018. FITB gained -2.39 points, or -7.52%, in 8 days. The price is now at the 8.79% retracement level.

Daily Technical Indicators: [See FITB daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 20, 2018. This is an indication that the short-term trend is up.

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 20 Day Moving Average 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.

Candlestick pattern: [See FITB candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.54
Williams' Percentage Range (W%R) 7.10
Strong Overbought
Lane's Stochastic (%D-Slow) 71.66
Bearish
Greed/Fear Indicator (GFI) 77.68
Moving Average Converg./Diverg. (MACD) 0.24 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.03
Williams' Percentage Range (W%R) 14.30
Overbought
Lane's Stochastic (%D-Slow) 49.45
Greed/Fear Indicator (GFI) 62.24
Moving Average Converg./Diverg. (MACD) 1.17
Trading Signals
Description Value Chart
Monthly Trendline Resistance 35.34
Upper Bollinger Band 34.94
Price 33.98
Daily Stochastic Crossing 33.68
20 Day Moving Average 32.69
50 Day Moving Average 32.64
Weekly Stochastic Crossing 32.49
Monthly Trendline Support 32.41
Parabolic System 31.87
Lower Bollinger Band 30.88
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Regional-Midwest Banks 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.80
Low Date 05/03/2018
High 34.19
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.45
Low Date 04/02/2018
High 34.19
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 35.34
Support 32.41
Low 23.20
Low Date 06/01/2017
High 34.57
High Date 03/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.84
Low Date 02/11/2016
High 34.57
High Date 03/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1.01
Low Date 02/20/2009
High 34.57
High Date 03/13/2018
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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