HUNTINGTON BANCSHARES INC (HBAN) Stock Technical Analysis
NASDAQ:HBAN - US4461501045 - Common Stock
17.36 USD
+0.7 (+4.2%)
17.42 USD
+0.06 (+0.35%)
Overall HBAN gets a technical rating of 7 out of 10. Although HBAN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
HBAN is one of the better performing stocks in the Banks industry, it outperforms 70% of 393 stocks in the same industry.
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 15.72 - 17.42 range, which is quite wide. It is currently trading near the high of this range.
HBAN has an average volume of 32226200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that HBAN is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Although HBAN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.29
18.38
When analyzing the support we can see 5 important areas.
- A support zone ranging from 16.32 to 16.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.87 to 16.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.48 from a horizontal line in the daily time frame.
- Support @13.44 from a trend line in the weekly time frame.
- Support @12.41 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- 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 | 75.79 | POSITIVE | HBAN has a high relative strength, it outperformed 75.79% 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) | 63.49 | NEUTRAL | The RSI value for HBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests HBAN has a positive trend. |
| Stochastics (14,3) | 91.12 | OVERBOUGHT | The high Stochastics value suggests HBAN may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for HBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.49 | 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)
17.36
+0.7 (+4.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg4.2%
1 Week4.77%
2 Weeks7.89%
1 Month3.09%
3 Month13.32%
6 Month7.49%
12 Month18.66%
2 Year56.54%
3 Year29.55%
5 Year84.48%
10 Year59.12%
15 Year227.55%
Volatility
ATR(14)0.34
ATR(20)%2.01%
ATR Inc40.94%
Range Today0.69
ADR(20)0.32
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.79
Mansfield-0.04
10 Day High17.42
10 Day Low15.98
20 Day High17.42
20 Day Low15.72
52 Week High18.45
52 Week Low11.92
CS1 End16.67
CR1 Start17.39
Volume & EV
DER(3)2.07%
DER(5)3.49%
Volume30.88M
Volume Incr-26.9%
Vol(5)23.97M
Vol(50)32.23M