Fifth Third Bancorp Technical Analysis (NASDAQ:FITB)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Fifth Third Bancorp stock price data and volume are plotted in FITB stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Fifth Third Bancorp. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Fifth Third Bancorp stock analysis.
Fifth Third Bancorp Moving Average
Moving averages show the FITB stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $33.48 is below the price of $33.72.
Fifth Third Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually FITB SMA, and two FITB stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $33.72 is in the upper range of Fifth Third Bancorp bollinger bands.
Fifth Third Bancorp Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Fifth Third Bancorp MACD line is below 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 49.39.