We assign a technical rating of 3 out of 10 to HBAN. In the past year, HBAN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
HBAN has a poor technical rating and the quality of the setup is also not perfect 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.
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12.29
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.16 to 15.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @17.56 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 | NEUTRAL | NEUTRAL | The long term trend for HBAN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HBAN is up. |
| ChartMill Relative Strength | 25.93 | NEGATIVE | HBAN has a low relative strength, it was outperformed by 74.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HBAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HBAN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HBAN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.47 | NEUTRAL | The RSI value for HBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests HBAN has a positive trend. |
| Stochastics (14,3) | 94.46 | OVERBOUGHT | The high Stochastics value suggests HBAN may be overbought. |
| 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) | 22.64 | NEUTRAL | The ADX value for HBAN suggests a possible start of a new trend. |
16.3
+0.03 (+0.18%)
HUNTINGTON BANCSHARES INC / HBAN FAQ
What is the ChartMill technical rating of HUNTINGTON BANCSHARES INC (HBAN) stock?
ChartMill assigns a technical rating of 3 / 10 to HBAN.
What is the current trend direction of HUNTINGTON BANCSHARES INC (HBAN) stock?
The current trend direction for HUNTINGTON BANCSHARES INC (HBAN) is Bearish.
What is the RSI signal for HBAN stock?
HUNTINGTON BANCSHARES INC (HBAN) has an RSI value of 60.4712. This indicates that the stock is currently neutral.
What is the MACD signal for HUNTINGTON BANCSHARES INC (HBAN) stock?
The MACD indicator for HUNTINGTON BANCSHARES INC (HBAN) has a value of 0.129093, indicating a bearish trend.