Learn to Evaluate (FITBP) using the Charts

October 21, 2024, 16:50 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FITBP

• Buy FITBP near 24.35 target 25.24 stop loss @ 24.28 Details

The technical summary data tells us to buy FITBP near 24.35 with an upside target of 25.24. This data also tells us to set a stop loss @ 24.28 to protect against excessive loss in case the stock begins to move against the trade. 24.35 is the first level of support below 25.025 , and by rule, any test of support is a buy signal. In this case, support 24.35 is being tested, a buy signal would exist.

• Short FITBP slightly under 25.24, target 24.35, stop loss @ 25.31 Details

The technical summary data is suggesting a short of FITBP as it gets near 25.24 with a downside target of 24.35. We should have a stop loss in place at 25.31though. 25.24 is the first level of resistance above 25.025, and by rule, any test of resistance is a short signal. In this case, if resistance 25.24 is being tested, a short signal would exist.

Swing Trading Plans for FITBP

• Buy FITBP slightly over 25.24, target 25.47, Stop Loss @ 25.17 Details

If 25.24 begins to break higher, the technical summary data tells us to buy FITBP just slightly over 25.24, with an upside target of 25.47. The data also tells us to set a stop loss @ 25.17 in case the stock turns against the trade. 25.24 is the first level of resistance above 25.025, and by rule, any break above resistance is a buy signal. In this case, 25.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FITBP slightly near 25.24, target 24.35, Stop Loss @ 25.31. Details

The technical summary data is suggesting a short of FITBP if it tests 25.24 with a downside target of 24.35. We should have a stop loss in place at 25.31 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 25.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FITBP

• Buy FITBP slightly over 25.47, target n/a, Stop Loss @ 25.41 Details

If 25.47 begins to break higher, the technical summary data tells us to buy FITBP just slightly over 25.47, with an upside target of n/a. The data also tells us to set a stop loss @ 25.41 in case the stock turns against the trade. 25.47 is the first level of resistance above 25.025, and by rule, any break above resistance is a buy signal. In this case, 25.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FITBP slightly near 25.47, target 24.35, Stop Loss @ 25.53. Details

The technical summary data is suggesting a short of FITBP if it tests 25.47 with a downside target of 24.35. We should have a stop loss in place at 25.53 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 25.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Fifth Third Bancorp Depositary Shares Each Representing 1/40th Share Of Fifth Third 6.00% Non-cumulative Perpetual Class B Preferred Stock Series A (FITBP) available here: FITBP.

FITBP Ratings for October 21:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	23.45
P2	25.18	25.14	24.35
P3	25.43	25.47	25.24

AI Generated Signals for FITBP

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Fifth Third Bancorp Depositary Shares Each Representing 1/40th Share Of Fifth Third 6.00% Non-cumulative Perpetual Class B Preferred Stock Series A (NASDAQ: FITBP) report below can help you understand how to do this. The trading plans for FITBP, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.