HUNTINGTON BANCSHARES INC (HBAN) Technical Analysis
NASDAQ:HBAN • US4461501045
Current stock price
HBAN Technical Rating and Analysis
Overall HBAN gets a technical rating of 0 out of 10. 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.
- When comparing the yearly performance of all stocks, HBAN is a bad performer in the overall market: 72% of all stocks are doing better.
- HBAN is part of the Banks industry. There are 380 other stocks in this industry, of which 84% are performing better than HBAN.
- In the last month HBAN has a been trading in the 14.89 - 18.13 range, which is quite wide. It is currently trading near the lows of this range.
- HBAN has an average volume of 37059200 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 trading in the upper part of its 52 week range, so HBAN is lagging the market slightly.
HBAN Weekly and Daily overview Charts
HBAN Setup Rating and Analysis
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.
More info and screens
HBAN Support and Resistance Analysis
12.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.08 to 15.08. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.40 to 15.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
HBAN Technical Indicator Signal Analysis
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 | 28.66 | NEGATIVE | HBAN has a low relative strength, it was outperformed by 71.34% off all stocks 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) | 28.95 | OVERSOLD | The low RSI value suggests HBAN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests HBAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.72 | OVERSOLD | The low Stochastics value suggests HBAN may be oversold. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for HBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 31.19 | POSITIVE | The high ADX value value for HBAN suggests a strong trend. |
HBAN Chart- and CandleStick Pattern Analysis
HBAN Technicals: Chart, Performance Metrics, Trend & Indicators
15.09
-0.08 (-0.53%)
HUNTINGTON BANCSHARES INC / HBAN TA FAQ
What is the ChartMill technical rating of HUNTINGTON BANCSHARES INC (HBAN) stock?
ChartMill assigns a technical rating of 0 / 10 to HBAN.
Can you provide the trend direction for HUNTINGTON BANCSHARES INC?
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 28.9471. This indicates that the stock is currently oversold.
What is the MACD signal for HBAN stock?
The MACD indicator for HUNTINGTON BANCSHARES INC (HBAN) has a value of -0.0896826, 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 15.08 and a resistance level at 15.4. Check the full technical report for our detailed analysis of HBAN support and resistance levels.