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Regional Banks Industry Stocks Technical Analysis - HBANArchive
- 3/21/2025 -
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Huntington Bancshares (HBAN) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the Huntington Bancshares (HBAN). During the week, the HBAN gained 0.33 points, or 2.25%, and closed at 15.00 on Friday, March 21, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was 50% above average.
HBAN is a member of Financials Sector. Financials is the second 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 uptrend had started on May 12, 2023 at 9.13 and reached 18.45 on November 25, 2024. HBAN gained -9.32 points, or -102.08%, in 80 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See HBAN medium-term trend chart]
A medium-term downtrend had started on November 25, 2024 at 18.45 and reached 14.24 on March 11, 2025. HBAN lost 4.21 points, or 22.82%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 13.99 and resistance is at 16.80. 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 medium-term trend.
 Weekly Technical Indicators: [See HBAN weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since December 27, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 January 30, 2025 at 17.54 and reached 14.24 on March 11, 2025. HBAN lost 3.30 points, or 18.81%, in 40 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 13.28 and resistance is at 15.76. 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 technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
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