We assign a technical rating of 8 out of 10 to FITB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FITB is only an average performer.
Although FITB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
34.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 42.08 to 43.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.91 to 41.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.53 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FITB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FITB is up. |
| ChartMill Relative Strength | 62.4 | NEUTRAL | FITB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FITB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FITB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FITB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.45 | OVERBOUGHT | The high RSI value suggests FITB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests FITB has a positive trend. |
| Stochastics (14,3) | 95.47 | OVERBOUGHT | The high Stochastics value suggests FITB may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for FITB suggests some volalility. |
| Average Directional Index/ADX (14) | 33.72 | POSITIVE | The high ADX value value for FITB suggests a strong trend. |
48.15
-0.24 (-0.5%)
FIFTH THIRD BANCORP / FITB FAQ
What is the technical rating for FITB stock?
ChartMill assigns a technical rating of 8 / 10 to FITB.
What is the current trend direction of FIFTH THIRD BANCORP (FITB) stock?
The current trend direction for FIFTH THIRD BANCORP (FITB) is Bullish.
What is the RSI signal for FITB stock?
FIFTH THIRD BANCORP (FITB) has an RSI value of 77.4507. This indicates that the stock is currently overbought.
What is the MACD signal for FITB stock?
The MACD indicator for FIFTH THIRD BANCORP (FITB) has a value of 0.525892, indicating a bearish trend.
Can you provide the buy/sell signal for FIFTH THIRD BANCORP?
The buy/sell signal for FIFTH THIRD BANCORP (FITB) is buy as both the short term and long term trends are positive.