The Greedy Trader Weekly Analysis
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Huntington Bancshares
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Summary:
Weekly :Lane's Stochastic is overboughtOversold sectorBroken trend resistance line
Daily :Lane's Stochastic is oversoldBullish Harami CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Huntington Bancshares (HBAN). During the week, the HBAN dropped -0.67 points, or -4.17%, and closed at 15.41 on Friday, February 09, 2018. Weekly volume was 112% above average.

HBAN is a member of Financial Sector. Financial is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See HBAN long-term trend chart]
A long-term uptrend had started on February 20, 2009 at 1.00 and reached 16.53 on February 2, 2018. HBAN gained -15.53 points, or -1553%, in 467 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (9.96) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See HBAN medium-term trend chart]
A medium-term uptrend had started on September 7, 2017 at 12.14 and reached 16.53 on February 2, 2018. HBAN gained -4.39 points, or -36.16%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 14.19 and resistance is at 16.69. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See HBAN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since September 29, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See HBAN short-term trend chart]
A short-term downtrend had started on February 2, 2018 at 16.53 and reached 14.98 on February 9, 2018. HBAN lost 1.55 points, or 9.38%, in 7 days. The price is now at the 27.74% retracement level.

Daily Technical Indicators: [See HBAN daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since February 1, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See HBAN candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.35
Williams' Percentage Range (W%R) 75.50
Lane's Stochastic (%D-Slow) 19.62
Oversold
Greed/Fear Indicator (GFI) 27.49
Moving Average Converg./Diverg. (MACD) 0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.22
Williams' Percentage Range (W%R) 33.40
Lane's Stochastic (%D-Slow) 85.29
Overbought
Greed/Fear Indicator (GFI) 70.80
Moving Average Converg./Diverg. (MACD) 0.50
Trading Signals
Description Value Chart
Monthly Trendline Resistance 16.69
Upper Bollinger Band 16.29
Parabolic System 16.29
Weekly Stochastic Crossing 16.15
20 Day Moving Average 15.85
Price 15.41
Daily Stochastic Crossing 15.36
50 Day Moving Average 15.18
Lower Bollinger Band 14.98
Yearly Trendline Resistance 14.39
Monthly Trendline Support 14.19
Sector and Industry
Description Name Rank
Sector Financial 2
Industry Regional-Midwest Banks 135
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 16.53
High Date 02/02/2018
Low 14.98
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.04
Low Date 11/13/2017
High 16.53
High Date 02/02/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 16.69
Support 14.19
Low 12.14
Low Date 09/07/2017
High 16.53
High Date 02/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.83
Low Date 01/26/2016
High 16.53
High Date 02/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 14.39
Support 9.96
Low 1.00
Low Date 02/20/2009
High 16.53
High Date 02/02/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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