Fifth Third Bancorp Technical Analysis (NASDAQ:FITB)

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$21.82 $0.15 (0.69%) FITB stock closing price Oct 27, 2016 (Closing)

Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. When a chart pattern that can predict future Fifth Third Bancorp stock price movements is formed, the FITB stock chart can become a key tool for a technical analyst.

View technical indicators like moving averages (SMA and EMA), and bollinger bands for Fifth Third Bancorp. The technical analysis form of Fifth Third Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.

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Fifth Third Bancorp Moving Average:

Moving averages help predict the price direction of FITB stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer FITB stock price movement for the moving average to change course.  

Fifth Third Bancorp Bollinger Bands:

Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the FITB stock. Currently the stock price of $21.82 is in the upper range of Fifth Third Bancorp bollinger bands.

Fifth Third Bancorp Moving Average Convergence Divergence or MACD:

Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up.   The Fifth Third Bancorp MACD line is above the signal line.

Fifth Third Bancorp Relative Strength Index:

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements.   The relative strength index of FITB stock is 62.54. .

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