HUNTINGTON BANCSHARES INC (HBAN)

US4461501045 - Common Stock

12.885  +0.02 (+0.12%)

Technical Rating and Analysis

8

Overall HBAN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HBAN is only an average performer.

The long and short term trends are both positive. This is looking good!
In the last month HBAN has a been trading in the 12.07 - 13.24 range, which is quite wide. It is currently trading near the high of this range.
HBAN has an average volume of 18121500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, HBAN outperforms 42% of them, which is more or less in line with the market.
HBAN is an average performer in the Banks industry, it outperforms 67% of 416 stocks in the same industry.
HBAN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HBAN is lagging the market.
Weekly and Daily overview Charts
HBAN Weekly chart
HBAN Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, HBAN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 13.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.86, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

9.19

13.32

We found 3 important support areas.

  • A support zone ranging from 12.61 to 12.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 12.23 to 12.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 9.28 to 9.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 13.06 to 13.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.04
Mansfield0.03
10 Day High13.06
10 Day Low12.13
20 Day High13.24
20 Day Low12.07
52 Week High15.54
52 Week Low9.13
Performance
1 Week4.29%
2 Weeks4.04%
1 Month0.86%
3 Month18.29%
6 Month18.62%
12 Month-15.83%
2 Year-17.07%
3 Year-16.1%
5 Year-10.69%
10 Year35.05%
15 Year781.51%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)55.74
LBB12.16
UBB12.98
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
13.2012.600.60 (4.55%)22.00%
An entry @13.20. This is a Buy Stop order right above the resistance zone.An exit @12.60. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.60 points, which is 4.55%.When investing 22.00% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
HBAN Daily chart

HUNTINGTON BANCSHARES INC

NASDAQ:HBAN (2/22/2024, 2:25:08 PM)

12.885

+0.02 (+0.12%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.12%
1 Week4.29%
2 Weeks4.04%
1 Month0.86%
3 Month18.29%
6 Month18.62%
12 Month-15.83%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.37
ATR(20)%2.68%
ATR Inc
Range Today0.24
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High13.06
10 Day Low12.13
20 Day High13.24
20 Day Low12.07
52 Week High15.54
52 Week Low9.13
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume9.19M
Volume Incr-3.79%
Vol(5)18.09M
Vol(50)18.12M