The Greedy Trader Weekly Analysis
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Number of records: 10
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Huntington Bancshares
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Summary:
Weekly :Trend resistance at 15.01Trend support at 15.28
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was a first positive week for the Huntington Bancshares (HBAN). During the week, the HBAN gained 0.43 points, or 2.88%, and closed at 15.35 on Friday, October 05, 2018. It was the best weekly gain since July 20, 2018. Weekly volume was 69% above 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 price is near the trend resistance line (15.01). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 16.60 on March 12, 2018. HBAN gained -4.46 points, or -36.74%, in 26 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (15.28) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See HBAN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 21, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See HBAN short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 14.26 and reached 16.52 on September 6, 2018. HBAN gained -2.26 points, or -15.85%, in 126 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 14.79 and resistance is at 16.75. 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 short-term trend.

Daily Technical Indicators: [See HBAN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 daily MACD line is below its signal line since August 29, 2018. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (15.49) comes close to the price (15.35). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.75
Williams' Percentage Range (W%R) 55.20
Lane's Stochastic (%D-Slow) 32.49
Greed/Fear Indicator (GFI) 40.34
Moving Average Converg./Diverg. (MACD) -0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.91
Williams' Percentage Range (W%R) 48.80
Lane's Stochastic (%D-Slow) 53.35
Greed/Fear Indicator (GFI) 52.93
Moving Average Converg./Diverg. (MACD) 0.24
Trading Signals
Description Value Chart
Weekly Trendline Resistance 16.75
Monthly Trendline Resistance 16.56
Upper Bollinger Band 16.30
50 Day Moving Average 15.82
20 Day Moving Average 15.55
Weekly Stochastic Crossing 15.52
Parabolic System 15.49
Price 15.35
Monthly Trendline Support 15.28
Daily Stochastic Crossing 15.12
Yearly Trendline Resistance 15.01
Weekly Trendline Support 14.79
Lower Bollinger Band 14.72
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Regional-Midwest Banks 55
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 16.52
High Date 09/06/2018
Low 14.75
Low Date 10/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 16.75
Support 14.79
Low 14.26
Low Date 05/03/2018
High 16.52
High Date 09/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 16.56
Support 15.28
Low 12.14
Low Date 09/07/2017
High 16.60
High Date 03/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.83
Low Date 01/26/2016
High 16.60
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 15.01
Support 10.59
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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