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!
- A new 52 week high is currently being made by HBAN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month HBAN has a been trading in the 16.82 - 19.45 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- HBAN has an average volume of 33098000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, HBAN did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- HBAN is an average performer in the Banks industry, it outperforms 57% of 383 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HBAN has an excellent technical rating, it does not present a decent entry opportunity 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.06 to 17.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.77 from a trend line in the weekly time frame.
- Support @15.32 from a horizontal line in the daily time frame.
- Support @12.37 from a horizontal line in the weekly time frame.
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 | 77.01 | POSITIVE | HBAN has a high relative strength, it outperformed 77.01% 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) | 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) | 67.57 | NEUTRAL | The RSI value for HBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests HBAN has a positive trend. |
| Stochastics (14,3) | 92.89 | OVERBOUGHT | The high Stochastics value suggests HBAN may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for HBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.93 | NEUTRAL | The ADX value for HBAN suggests a possible start of a new trend. |
19.27
+0.25 (+1.31%)
HUNTINGTON BANCSHARES INC / HBAN FAQ
What is the ChartMill technical rating of HUNTINGTON BANCSHARES INC (HBAN) stock?
ChartMill assigns a technical rating of 8 / 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 67.5712. 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 0.155174, 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 17.63. Check the full technical report for our detailed analysis of HBAN support and resistance levels.