Fifth Third Bancorp (FITB): Price Now Near $35.99; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for FITB

At the time of this writing, FITB (Get Ratings)’s price is up $0.01 (0.03%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

FITB ranks 148th in terms of today’s price percentage change out of Banking stocks.

FITB’s Technical Outlook on the Daily Chart

At the moment, FITB’s price is down $-0.08 (-0.22%) from the day prior. This is the 2nd day in a row FITB has seen its price head down. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Of note is that the 100 day changed directions on FITB; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows FITB’s price action over the past 90 days.

FITB

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FITB: Daily RSI Analysis

  • For FITB, its RSI is now at 49.4624.
  • FITB and RSI may be exhibiting divergent trends. This may be something to monitor.

For FITB News Traders

Investors and traders in FITB may be particularly interested in the following story that came out in the past day:

Fifth Third Announces Second Quarter 2021 Results

CINCINNATI, July 22, 2021–Fifth Third Bancorp (NASDAQ ®: FITB):

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