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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 6/26/2026 -
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Huntington Bancshares (HBAN) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SAR
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It was a first positive week for the Huntington Bancshares (HBAN). During the week, the HBAN gained 0.93 points, or 5.52%, and closed at 17.79 on Friday, June 26, 2026. Weekly volume was -25% 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 uptrend had started on April 3, 2020 at 6.82 and reached 19.46 on February 6, 2026. HBAN gained -12.64 points, or -185.34%, in 305 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 12.78 and resistance is at 19.37. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See HBAN medium-term trend chart]
A medium-term uptrend had started on May 12, 2023 at 9.13 and reached 19.46 on February 6, 2026. HBAN gained -10.33 points, or -113.14%, in 143 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 13.71 and resistance is at 19.78. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since June 5, 2026. This is an indication that the medium-term trend is up. 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 15, 2026 at 15.17 and reached 18.16 on June 25, 2026. HBAN gained -2.99 points, or -19.71%, in 41 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 17.08 and resistance is at 18.22. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. 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. 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 and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 22, 2026. This is an indication that the short-term trend is up.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.42
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 68.62
Bearish
Greed/Fear Indicator (GFI) 77.46
Moving Average Converg./Diverg. (MACD) 0.30 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.29
Williams' Percentage Range (W%R) 31.90
Lane's Stochastic (%D-Slow) 66.26
Greed/Fear Indicator (GFI) 64.27
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 19.78
Yearly Trendline Resistance 19.37
Weekly Trendline Resistance 18.22
Upper Bollinger Band 18.14
Daily Stochastic Crossing 17.82
Price 17.79
Weekly Stochastic Crossing 17.32
Weekly Trendline Support 17.08
20 Day Moving Average 16.91
Parabolic System 16.84
50 Day Moving Average 16.50
Lower Bollinger Band 15.85
Monthly Trendline Resistance 15.40
Monthly Trendline Support 15.37
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Regional Banks 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 16.74
Low Date 06/17/2026
High 18.16
High Date 06/25/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 18.22
Support 17.08
Low 15.17
Low Date 05/15/2026
High 18.16
High Date 06/25/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 15.40
Support 15.37
High 19.46
High Date 02/06/2026
Low 14.89
Low Date 03/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 19.78
Support 13.71
Low 9.13
Low Date 05/12/2023
High 19.46
High Date 02/06/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 19.37
Support 12.78
Low 6.82
Low Date 04/03/2020
High 19.46
High Date 02/06/2026
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.