The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 8/8/2025 -
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Fifth Third Bancorp (FITB) Technical Analysis

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought area
Daily :Broken trend support lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the Fifth Third Bancorp (FITB). During the week, the FITB gained 0.73 points, or 1.78%, and closed at 41.64 on Friday, August 8, 2025. Weekly volume was -20% below average.

FITB is a member of Financials Sector. Financials is the 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 uptrend had started on March 19, 2020 at 11.10 and reached 50.64 on January 18, 2022. FITB gained -39.54 points, or -356.22%, in 95 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 30.98 and resistance is at 48.69. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.

Medium-term trend: [See FITB medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 22.11 and reached 49.07 on November 25, 2024. FITB gained -26.96 points, or -121.94%, in 89 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 33.92 and resistance is at 56.97. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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 below overbought area. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since June 6, 2025. 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 uptrend had started on April 7, 2025 at 32.25 and reached 44.34 on July 10, 2025. FITB gained -12.09 points, or -37.49%, in 94 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (43.40) 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 short-term trend.

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

The daily MACD line is below its signal line since July 15, 2025.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.58
Williams' Percentage Range (W%R) 65.00
Lane's Stochastic (%D-Slow) 41.54
Greed/Fear Indicator (GFI) 36.69
Moving Average Converg./Diverg. (MACD) 0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.63
Williams' Percentage Range (W%R) 23.40
Lane's Stochastic (%D-Slow) 75.91
Greed/Fear Indicator (GFI) 69.04
Moving Average Converg./Diverg. (MACD) -0.16
Trading Signals
Description Value Chart
Yearly Trendline Resistance 48.69
Weekly Trendline Resistance 47.12
Upper Bollinger Band 43.43
Weekly Trendline Support 43.40
Weekly Stochastic Crossing 42.49
20 Day Moving Average 42.29
Price 41.64
Daily Stochastic Crossing 41.31
50 Day Moving Average 41.15
Lower Bollinger Band 40.35
Parabolic System 40.17
Monthly Trendline Resistance 33.95
Quarterly Trendline Support 33.92
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Regional Banks 86
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 44.34
High Date 07/10/2025
Low 40.22
Low Date 08/01/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 47.12
Support 43.40
Low 32.25
Low Date 04/07/2025
High 44.34
High Date 07/10/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 33.95
Support 19.54
High 49.07
High Date 11/25/2024
Low 32.25
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 56.97
Support 33.92
Low 22.11
Low Date 03/13/2023
High 49.07
High Date 11/25/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 48.69
Support 30.98
Low 11.10
Low Date 03/19/2020
High 50.64
High Date 01/18/2022
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.