The Greedy Trader Weekly Analysis
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Number of records: 10
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Fifth Third Bancorp
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversold
Daily :Stochastic signal line moved above oversold area
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It was a first positive week for the Fifth Third Bancorp (FITB). During the week, the FITB gained 0.35 points, or 1.25%, and closed at 28.27 on Friday, October 05, 2018. FITB was trading at average weekly trading volume.

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 (32.90) 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 27.43 on September 28, 2018. FITB lost 7.24 points, or 20.88%, in 19 weeks. The price is now at the 11.60% retracement level.

Weekly Technical Indicators: [See FITB weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 September 20, 2018 at 30.13 and reached 27.43 on September 28, 2018. FITB lost 2.70 points, or 8.96%, in 8 days. The price is now at the 31.11% retracement level.

Daily Technical Indicators: [See FITB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since September 25, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.36
Williams' Percentage Range (W%R) 60.40
Lane's Stochastic (%D-Slow) 33.51
Greed/Fear Indicator (GFI) 39.17
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.55
Williams' Percentage Range (W%R) 84.90
Oversold
Lane's Stochastic (%D-Slow) 38.35
Greed/Fear Indicator (GFI) 33.33
Moving Average Converg./Diverg. (MACD) -0.44 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Support 32.90
Upper Bollinger Band 29.86
50 Day Moving Average 29.27
Parabolic System 29.07
20 Day Moving Average 28.76
Weekly Stochastic Crossing 28.36
Price 28.27
Daily Stochastic Crossing 28.11
Lower Bollinger Band 27.55
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Regional-Midwest Banks 55
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 30.13
High Date 09/20/2018
Low 27.43
Low Date 09/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.31
High Date 08/21/2018
Low 27.43
Low Date 09/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.67
High Date 05/15/2018
Low 27.43
Low Date 09/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 36.54
Support 32.90
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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