HUNTINGTON BANCSHARES INC (HBAN) Stock Technical Analysis
NASDAQ:HBAN - Nasdaq - US4461501045 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to HBAN. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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.
HBAN has an average volume of 33222600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, HBAN turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
HBAN is an average performer in the Banks industry, it outperforms 68% of 393 stocks in the same industry.
In the last month HBAN has a been trading in the 15.72 - 17.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HBAN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.52, a Stop Loss order could be placed below this zone.
More info and screens
12.29
18.38
We found 4 important support areas.
- A support zone ranging from 15.87 to 16.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.40 to 15.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @13.40 from a trend line in the weekly time frame.
- Support @12.41 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @17.39 from a horizontal line in the daily time frame.
- A resistance zone ranging from 18.01 to 18.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HBAN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HBAN is up. |
| ChartMill Relative Strength | 69.46 | NEUTRAL | HBAN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HBAN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HBAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HBAN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.69 | NEUTRAL | The RSI value for HBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests HBAN has a positive trend. |
| Stochastics (14,3) | 75.36 | NEUTRAL | The Stochastics value for HBAN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for HBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.88 | NEGATIVE | The low ADX value for HBAN suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 16.86 | 15.81 | 1.05 (6.23%) | 16.06% |
| An entry @16.86. This is a Buy Stop order right above the 10 day high. | An exit @15.81. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.05 points, which is 6.23%. | For a 1.00% total portfolio risk, you can invest 16.06% 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.
16.57
-0.24 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.43%
1 Week2.98%
2 Weeks3.3%
1 Month-0.84%
3 Month2.41%
6 Month-0.96%
12 Month19.21%
2 Year49.41%
3 Year23.66%
5 Year76.09%
10 Year51.88%
15 Year212.64%
Volatility
ATR(14)0.35
ATR(20)%2.07%
ATR Inc-11.35%
Range Today0.28
ADR(20)0.32
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.46
Mansfield-0.46
10 Day High16.85
10 Day Low15.82
20 Day High17.14
20 Day Low15.72
52 Week High18.45
52 Week Low11.92
CS1 End16.52
CR1 Start17.39
Volume & EV
DER(3)2.39%
DER(5)2.81%
Volume21.07M
Volume Incr-40.11%
Vol(5)24.31M
Vol(50)33.22M