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Uptrend ExhaustionArchive
- 4/5/2024 -
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Huntington Bancshares (HBAN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Huntington Bancshares (HBAN). During the week, the HBAN dropped -0.35 points, or -2.51%, and closed at 13.60 on Friday, April 5, 2024. HBAN was trading at average weekly trading volume.
HBAN is a member of Financials Sector. Financials is the most overbought 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 downtrend had started on January 18, 2022 at 17.79 and reached 9.13 on May 12, 2023. HBAN lost 8.66 points, or 48.68%, in 68 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (6.72) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See HBAN medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 9.25 and reached 13.97 on March 28, 2024. HBAN gained -4.72 points, or -51.03%, in 22 weeks. The price is now at the 7.84% retracement level.
 Weekly Technical Indicators: [See HBAN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 15, 2024 at 12.78 and reached 13.97 on March 28, 2024. HBAN gained -1.19 points, or -9.31%, in 13 days. The chart has formed a Rising Wedge chart pattern.
 Daily Technical Indicators: [See HBAN daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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