RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis AI Analysis of FITB
Powered by GPT-4o
Stock Analysis
Risk Assessment
Trading Strategy
PDF

Weaker technical forecast for Fifth Third Bancorp as stock downgraded to Sell Candidate
(Updated on Nov 01, 2024)

Sell candidate since Nov 01, 2024

The Fifth Third Bancorp stock price fell by -1.24% on the last day (Friday, 1st Nov 2024) from $43.68 to $43.14. During the last trading day the stock fluctuated 2.44% from a day low at $43.06 to a day high of $44.11. The price has been going up and down for this period, and there has been a -3.43% loss for the last 2 weeks. Volume has increased on the last day by 705 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $228.68 million.

Given the current short-term trend, the stock is expected to rise 11.23% during the next 3 months and, with a 90% probability hold a price between $47.99 and $51.36 at the end of this 3-month period.

FITB Signals & Forecast

There are few to no technical positive signals at the moment. The Fifth Third Bancorp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $43.75 and $43.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, October 17, 2024, and so far it has fallen -4.92%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, July 09, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, July 09, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Fifth Third Bancorp stock

Fifth Third Bancorp finds support from accumulated volume at $42.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.05 (2.44%) between high and low. For the last week, the stock has had daily average volatility of 1.91%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FITB) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Fifth Third Bancorp to open at $43.44, and during the day (based on 14 day Average True Range), to move between $42.19 and $44.09, which gives a possible trading interval of +/-$0.95 (+/-2.21%) up or down from last closing price. If Fifth Third Bancorp takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $43.24 (0.23%) than the support at $42.84 (0.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Fifth Third Bancorp stock A Buy?

The Fifth Third Bancorp stock holds several negative signals and despite the positive trend, we believe Fifth Third Bancorp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -4.465 Sell Candidate Downgraded

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on November 4, 2024 - $43.44 ( 0.688%).

Trading levels for FITB

Fibonacci Support & Resistance Levels

Level Price
R3 44.49 3.12%
R2 44.09 2.19%
R1 43.84 1.62%
Price 43.14
S1 43.04 -0.242%
S2 42.79 -0.82%
S3 42.39 -1.75%

Accumulated Volume Support & Resistance Levels

Level Price
R3 45.37 5.17%
R2 44.67 3.55%
R1 43.24 0.232%
Price 43.14
S1 42.84 -0.695%
S2 42.10 -2.41%
S3 40.68 -5.70%

FITB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 30, 2024 Sep 30, 2024 Oct 15, 2024 $0.370 0.83%
2 Jun 13, 2024 Jun 28, 2024 Jul 15, 2024 $0.350 0.89%
3 Mar 18, 2024 Mar 27, 2024 Apr 15, 2024 $0.350 1.01%
4 Dec 12, 2023 Dec 28, 2023 Jan 16, 2024 $0.350 1.04%
5 Sep 11, 2023 Sep 28, 2023 Oct 16, 2023 $0.350 1.42%

FAQ

What is the symbol for Fifth Third Bancorp Stock and on which exchange is it traded?
The symbol for Fifth Third Bancorp is FITB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Fifth Third Bancorp Stock?
The Fifth Third Bancorp stock holds several negative signals and despite the positive trend, we believe Fifth Third Bancorp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy Fifth Third Bancorp Stock?
Fifth Third Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Fifth Third Bancorp Stock.

What's the current price of Fifth Third Bancorp Stock?
As of the end of day on the Nov 01, 2024, the price of an Fifth Third Bancorp (FITB) share was $43.14.

What is the 52-week high and low for Fifth Third Bancorp Stock?
The 52-week high for Fifth Third Bancorp Stock is $45.71 and the 52-week low is $24.03.

What is the market capitalization of Fifth Third Bancorp Stock?
As of the Nov 01, 2024, the market capitalization of Fifth Third Bancorp is 29.833B.

When is the next earnings date for Fifth Third Bancorp?
The upcoming earnings date for Fifth Third Bancorp is Jan 17, 2025.
Click to get the best stock tips daily for free!
ABOUT FIFTH THIRD BANCORP
Fifth Third Ban
Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated fina...
GOLDEN STAR
Ticker Change Signal Date
NBIX
$116.19
5.18% Oct 29
W
WTW
$292.18
2.44% Oct 29
I
INST
$23.52
0.213% Oct 29
SRCL
$60.88
1.81% Oct 28
EQC
$19.81
0.202% Oct 28

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE