HUNTINGTON BANCSHARES INC (HBAN) Stock Technical Analysis
NASDAQ:HBAN - Nasdaq - US4461501045 - Common Stock - Currency: USD
Taking everything into account, HBAN scores 4 out of 10 in our technical rating. HBAN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month HBAN has a been trading in the 15.72 - 17.73 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, HBAN did better than 70% of all other stocks.
HBAN is part of the Banks industry. There are 393 other stocks in this industry. HBAN outperforms 72% of them.
HBAN has an average volume of 32891200 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!
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 has an average technical rating and it also does not offer a high 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
12.29
17.56
We found 4 important support areas.
- A support zone ranging from 16.03 to 16.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.27 to 15.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @13.32 from a trend line in the weekly time frame.
- Support @12.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.24 to 16.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.39 from a horizontal line in the daily 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 | 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 | 70.89 | POSITIVE | HBAN has a high relative strength, it outperformed 70.89% 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) | UP | MIXED | The current price of HBAN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HBAN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.74 | 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. |
| Stochastics (14,3) | 16.13 | OVERSOLD | The low Stochastics value suggests HBAN may be oversold. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for HBAN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.05 | 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)
16.04
-0.39 (-2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.37%
1 Week-4.75%
2 Weeks-4.01%
1 Month-8.55%
3 Month6.37%
6 Month-6.74%
12 Month16.65%
2 Year44.63%
3 Year19.7%
5 Year70.46%
10 Year47.02%
15 Year202.64%
Volatility
ATR(14)0.41
ATR(20)%2.41%
ATR Inc13.53%
Range Today0.44
ADR(20)0.37
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.89
Mansfield-0.44
10 Day High17.14
10 Day Low15.72
20 Day High17.73
20 Day Low15.72
52 Week High18.45
52 Week Low11.92
CS1 End16.03
CR1 Start16.24
Volume & EV
DER(3)1.95%
DER(5)2.01%
Volume41.45M
Volume Incr-2.92%
Vol(5)37.72M
Vol(50)32.89M