Fifth Third Bancorp Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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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.
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
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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
# | 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
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