HUNTINGTON BANCSHARES INC (HBAN) Stock Technical Analysis
NASDAQ:HBAN • US4461501045
Taking everything into account, HBAN scores 2 out of 10 in our technical rating. In the last year, HBAN was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- HBAN is part of the Banks industry. There are 379 other stocks in this industry, of which 64% are performing better than HBAN.
- In the last month HBAN has a been trading in the 16.41 - 19.45 range, which is quite wide. It is currently trading near the lows of this range.
- HBAN has an average volume of 33140900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, HBAN turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
- 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.
The technical rating of HBAN is bad and it also does not present a quality setup 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 2 important areas.
- A support zone ranging from 15.16 to 15.44. 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 17.17 to 17.41. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for HBAN is down. |
| ChartMill Relative Strength | 53.41 | 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) | UP | POSITIVE | The current price of HBAN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.33 | NEUTRAL | The RSI value for HBAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests HBAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.74 | OVERSOLD | The low Stochastics value suggests HBAN may be oversold. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for HBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.89 | NEGATIVE | The low ADX value for HBAN suggests a weak or negative trend. |
16.97
+0.17 (+1.01%)
HUNTINGTON BANCSHARES INC / HBAN FAQ
What is the ChartMill technical rating of HUNTINGTON BANCSHARES INC (HBAN) stock?
ChartMill assigns a technical rating of 2 / 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 42.331. 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 -0.122767, 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 15.44 and a resistance level at 17.17. Check the full technical report for our detailed analysis of HBAN support and resistance levels.