The Greedy Trader Weekly Analysis
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Number of records: 15
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Fifth Third Bancorp
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Summary:
Weekly :Broken trend support lineStochastic signal line moved above oversold areaPrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is overboughtA Parabolic SAR indicator is above and near the pricePrice is near the Fibonacci 23.6% retracement level
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It was a second consecutive positive week for the Fifth Third Bancorp (FITB). During the week, the FITB climbed 0.20 points, or 0.68%, and closed at 29.71 on Friday, August 03, 2018. Weekly volume was 14% 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 (31.65) 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. Price is near the Fibonacci 23.6% 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. 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 uptrend had started on July 19, 2018 at 28.29 and reached 30.16 on August 2, 2018. FITB gained -1.87 points, or -6.61%, in 14 days. Price is near the Fibonacci 23.6% retracement level.

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

The daily MACD line is above its signal line since July 6, 2018. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (29.44) comes close to the price (29.71). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.39
Williams' Percentage Range (W%R) 17.10
Overbought
Lane's Stochastic (%D-Slow) 76.19
Greed/Fear Indicator (GFI) 70.50
Moving Average Converg./Diverg. (MACD) -0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.17
Williams' Percentage Range (W%R) 74.10
Lane's Stochastic (%D-Slow) 20.27
Greed/Fear Indicator (GFI) 28.93
Moving Average Converg./Diverg. (MACD) 0.02
Trading Signals
Description Value Chart
Quarterly Trendline Support 31.65
Upper Bollinger Band 30.49
50 Day Moving Average 30.04
Daily Stochastic Crossing 29.91
Price 29.71
20 Day Moving Average 29.47
Parabolic System 29.44
Weekly Stochastic Crossing 29.16
Lower Bollinger Band 28.69
Sector and Industry
Description Name Rank
Sector Financial 4
Industry Regional-Midwest Banks 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.29
Low Date 07/19/2018
High 30.16
High Date 08/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.67
High Date 05/15/2018
Low 28.29
Low Date 07/19/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.20
Low Date 06/01/2017
High 34.67
High Date 05/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 35.72
Support 31.65
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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