Taking everything into account, HBAN scores 6 out of 10 in our technical rating. HBAN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month HBAN has a been trading in the 17.14 - 18.62 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- 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.
- 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 24329700 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 62% of all stocks.
- HBAN is part of the Banks industry. There are 383 other stocks in this industry, HBAN did better than 45% of them.
HBAN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.25
4 important support areas can be observed.
- Support @16.48 from a trend line in the weekly time frame.
- Support @16.13 from a trend line in the daily time frame.
- A support zone ranging from 15.16 to 15.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.37 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.24 to 18.47. 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 | NEUTRAL | NEUTRAL | The short term trend for HBAN is neutral. |
| ChartMill Relative Strength | 62.14 | NEUTRAL | HBAN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HBAN is below 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) | 49.09 | NEUTRAL | The RSI value for HBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests HBAN has a negative trend. |
| Stochastics (14,3) | 50.17 | NEUTRAL | The Stochastics value for HBAN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for HBAN suggests low volalility. |
| Average Directional Index/ADX (14) | 29.24 | POSITIVE | The high ADX value value for HBAN suggests a strong trend. |
17.68
+0.18 (+1.03%)
HUNTINGTON BANCSHARES INC / HBAN FAQ
What is the ChartMill technical rating of HUNTINGTON BANCSHARES INC (HBAN) stock?
ChartMill assigns a technical rating of 6 / 10 to HBAN.
Can you provide the trend direction for HUNTINGTON BANCSHARES INC?
The current trend direction for HUNTINGTON BANCSHARES INC (HBAN) is Bullish.
What is the RSI signal for HBAN stock?
HUNTINGTON BANCSHARES INC (HBAN) has an RSI value of 49.0862. This indicates that the stock is currently neutral.
What is the MACD signal for HBAN stock?
The MACD indicator for HUNTINGTON BANCSHARES INC (HBAN) has a value of -0.0558833, indicating a bearish trend.
What are the support and resistance levels for HUNTINGTON BANCSHARES INC (HBAN) stock?
HUNTINGTON BANCSHARES INC (HBAN) has a support level at 16.48 and a resistance level at 18.24. Check the full technical report for our detailed analysis of HBAN support and resistance levels.