|
|
|
|
Regional Banks Industry Stocks Technical Analysis - HBANArchive
- 11/22/2024 -
Sign In to see current Signals. |
Huntington Bancshares (HBAN) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the Huntington Bancshares (HBAN). During the week, the HBAN gained 0.20 points, or 1.13%, and closed at 17.89 on Friday, November 22, 2024. Weekly volume was -11% below average.
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 (4.91) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. HBAN may retest the broken resistance line. It is considered to be a support line now. 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 August 5, 2024 at 12.98 and reached 17.98 on November 22, 2024. HBAN gained -5.00 points, or -38.52%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (15.80) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See HBAN weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 23, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 October 21, 2024 at 15.20 and reached 17.98 on November 22, 2024. HBAN gained -2.78 points, or -18.29%, in 32 days. Price is near the trend high.
 Daily Technical Indicators: [See HBAN daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
12 |
| Industry |
Regional Banks |
110 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
15.20 |
| Low Date |
10/21/2024 |
| High |
17.98 |
| High Date |
11/22/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
13.81 |
| Low Date |
09/11/2024 |
| High |
17.98 |
| High Date |
11/22/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
17.01 |
| Support |
15.80 |
| Low |
12.98 |
| Low Date |
08/05/2024 |
| High |
17.98 |
| High Date |
11/22/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
9.13 |
| Low Date |
05/12/2023 |
| High |
17.98 |
| High Date |
11/22/2024 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
10.03 |
| Support |
4.91 |
| High |
17.79 |
| High Date |
01/18/2022 |
| Low |
9.13 |
| Low Date |
05/12/2023 |
|
|