Fifth Third Bancorp (FITB)
Fifth Third Bank is a bank headquartered in Cincinnati, Ohio, at Fifth Third Center. It is the principal subsidiary of Fifth Third Bancorp, a diversified bank holding company.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 50.16% per annum.
- FITB price at the close of April 2, 2025 was $39.62 and was lower than the bottom border of the primary price channel by $3.38 (7.87%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 34.46% per annum.
- FITB price at the close of April 2, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of FITB price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 13, 2023
End date: February 20, 2025
a = 1.8784
b = 0.0011
s = 0.0749
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 50.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0749) – 1
= 34.92%
March 13, 2023 calculations
Top border of price channel:
Exp(Y739)
= Exp(a + b × X739 + 2 × s)
= Exp(a + b × 1,074 + 2 × s)
= Exp(1.8784 + 0.0011 × 1,074 + 2 × 0.0749)
= Exp(3.2243)
= $25.14
Bottom border of price channel:
Exp(Y739)
= Exp(a + b × X739 – 2 × s)
= Exp(a + b × 1,074 – 2 × s)
= Exp(1.8784 + 0.0011 × 1,074 – 2 × 0.0749)
= Exp(2.9248)
= $18.63
February 20, 2025 calculations
Top border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,784 + 2 × s)
= Exp(1.8784 + 0.0011 × 1,784 + 2 × 0.0749)
= Exp(4.0151)
= $55.43
Bottom border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,784 – 2 × s)
= Exp(1.8784 + 0.0011 × 1,784 – 2 × 0.0749)
= Exp(3.7156)
= $41.08
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 50.16% per annum.
- FITB price at the close of April 2, 2025 was $39.62 and was lower than the bottom border of the primary price channel by $3.38 (7.87%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 6, 2024
End date: April 2, 2025
a = 5.7870
b = -0.0012
s = 0.0347
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -34.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0347) – 1
= 14.91%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 + 2 × s)
= Exp(a + b × 1,678 + 2 × s)
= Exp(5.7870 + -0.0012 × 1,678 + 2 × 0.0347)
= Exp(3.9143)
= $50.12
Bottom border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 – 2 × s)
= Exp(a + b × 1,678 – 2 × s)
= Exp(5.7870 + -0.0012 × 1,678 – 2 × 0.0347)
= Exp(3.7753)
= $43.61
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.7870 + -0.0012 × 1,825 + 2 × 0.0347)
= Exp(3.7442)
= $42.27
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.7870 + -0.0012 × 1,825 – 2 × 0.0347)
= Exp(3.6052)
= $36.79
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 34.46% per annum.
- FITB price at the close of April 2, 2025 was inside the secondary price channel.