The Greedy Trader Weekly Analysis
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Number of records: 2
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Huntington Bancshares
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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversold
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 3 consecutive negative weeks for the Huntington Bancshares (HBAN). During the week, the HBAN gained 0.25 points, or 2.02%, and closed at 12.63 on Friday, January 11, 2019. Weekly volume was -14% below average.

Long-term trend: [See HBAN long-term trend chart]
A long-term uptrend had started on February 20, 2009 at 1.00 and reached 16.60 on March 12, 2018. HBAN gained -15.60 points, or -1560%, in 472 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 10.84 and resistance is at 15.26. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See HBAN medium-term trend chart]
A medium-term uptrend had started on January 26, 2016 at 7.83 and reached 16.60 on March 12, 2018. HBAN gained -8.77 points, or -112.01%, in 110 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (15.71) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See HBAN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since September 21, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. 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 September 6, 2018 at 16.52 and reached 11.12 on December 26, 2018. HBAN lost 5.40 points, or 32.69%, in 111 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 10.59 and resistance is at 13.93. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See HBAN daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since December 28, 2018. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.74
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 91.41
Strong Overbought
Greed/Fear Indicator (GFI) 83.53
Overbought
Moving Average Converg./Diverg. (MACD) -0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.62
Williams' Percentage Range (W%R) 73.90
Lane's Stochastic (%D-Slow) 16.34
Oversold
Greed/Fear Indicator (GFI) 28.31
Moving Average Converg./Diverg. (MACD) -0.45
Trading Signals
Description Value Chart
Weekly Trendline Resistance 13.93
50 Day Moving Average 13.39
Upper Bollinger Band 13.26
Daily Stochastic Crossing 12.65
Price 12.63
Parabolic System 12.32
20 Day Moving Average 12.05
Weekly Stochastic Crossing 11.83
Lower Bollinger Band 11.67
Yearly Trendline Support 10.84
Weekly Trendline Support 10.59
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Regional-Midwest Banks 36
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 11.12
Low Date 12/26/2018
High 12.73
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 13.93
Support 10.59
High 16.52
High Date 09/06/2018
Low 11.12
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 16.60
High Date 03/12/2018
Low 11.12
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 18.12
Support 15.71
Low 7.83
Low Date 01/26/2016
High 16.60
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 15.26
Support 10.84
Low 1.00
Low Date 02/20/2009
High 16.60
High Date 03/12/2018
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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