HUNTINGTON BANCSHARES INC (HBAN) Stock Technical Analysis
USA - NASDAQ:HBAN - US4461501045 - Common Stock
15.86 USD
-0.01 (-0.06%)
15.8102 USD
-0.05 (-0.31%)
Taking everything into account, HBAN scores 0 out of 10 in our technical rating. HBAN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
69% of all other stocks performed better in the past year than HBAN.
HBAN is part of the Banks industry. There are 391 other stocks in this industry, of which 60% are performing better than HBAN.
HBAN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
HBAN has an average volume of 29128200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HBAN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HBAN is lagging the market.
Although the technical rating is bad, HBAN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.49, a Stop Loss order could be placed below this zone.
More info and screens
12.29
18.38
We found 2 important support areas.
- A support zone ranging from 15.32 to 15.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.41 from a horizontal line in the weekly time frame.
We can see 2 important resistance 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 | DOWN | NEGATIVE | The long term trend for HBAN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HBAN is down. |
| ChartMill Relative Strength | 31.83 | 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) | DOWN | NEGATIVE | The current price of HBAN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HBAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.62 | NEUTRAL | The RSI value for HBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HBAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.26 | NEUTRAL | The Stochastics value for HBAN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for HBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 33.43 | POSITIVE | The high ADX value value for HBAN suggests a strong 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)
15.86
-0.01 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.06%
1 Week3.19%
2 Weeks-2.94%
1 Month-8.43%
3 Month-5.82%
6 Month10.14%
12 Month3.12%
2 Year64.35%
3 Year4.48%
5 Year51.92%
10 Year44.58%
15 Year180.21%
Volatility
ATR(14)0.47
ATR(20)%2.68%
ATR Inc-57.43%
Range Today0.2
ADR(20)0.41
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.83
3 months CRS21.77
6 months CRS49.31
Mansfield-1.24
10 Day High16.46
10 Day Low15.24
20 Day High17.57
20 Day Low15.24
52 Week High18.45
52 Week Low11.92
CS1 End15.49
CR1 Start17.56
Volume & EV
DER(3)-1.82%
DER(5)-0.6%
Volume19.55M
Volume Incr15.79%
Vol(5)36.04M
Vol(50)29.13M