HUNTINGTON BANCSHARES INC (HBAN)
US4461501045 - Common Stock
We assign a technical rating of 10 out of 10 to HBAN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HBAN is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that HBAN is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, HBAN also shows a nice and consistent pattern of rising prices.
HBAN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HBAN is lagging the market slightly.
In the last month HBAN has a been trading in the 13.81 - 14.99 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
HBAN has an average volume of 15626100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HBAN is part of the Banks industry. There are 402 other stocks in this industry, HBAN did better than 63% of them.
Besides having an excellent technical rating, HBAN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.14. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for HBAN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.12
15.61
4 important support areas can be observed.
- Support @13.91 from a trend line in the daily time frame.
- A support zone ranging from 13.60 to 13.61. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 13.18 to 13.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 12.24 to 12.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 15.14 to 15.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.46 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.38
Mansfield0.19
10 Day High15
10 Day Low13.81
20 Day High15
20 Day Low13.81
52 Week High15.25
52 Week Low9.25
Performance
1 Week-0.14%
2 Weeks-2.2%
1 Month5.32%
3 Month15.91%
6 Month9.99%
12 Month42%
2 Year11.08%
3 Year-5.3%
5 Year2.59%
10 Year50.46%
15 Year210.83%
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)-0.03
RSI(14)56.56
LBB14.1
UBB15.02
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.17 | 13.80 | 1.37 (9.03%) | 11.07% |
| An entry @15.17. This is a Buy Stop order right above the resistance zone. | An exit @13.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.37 points, which is 9.03%. | For a 1.00% total portfolio risk, you can invest 11.07% of your capital in this trade. |
- 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.
HUNTINGTON BANCSHARES INC
NASDAQ:HBAN (9/16/2024, 8:16:43 PM)
After market: 14.6675 +0.03 (+0.19%)14.64
+0.26 (+1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.81%
1 Week-0.14%
2 Weeks-2.2%
1 Month5.32%
3 Month15.91%
6 Month9.99%
12 Month42%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.35
ATR(20)%2.25%
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 High15
10 Day Low13.81
20 Day High15
20 Day Low13.81
52 Week High15.25
52 Week Low9.25
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume11.59M
Volume Incr-1.29%
Vol(5)11.55M
Vol(50)15.63M