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Archive
- 11/8/2024 -
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Huntington (HII) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the Huntington (HII). During the week, the HII gained 13.50 points, or 7.14%, and closed at 202.70 on Friday, November 8, 2024. Weekly volume was 143% above average.
HII is a member of Industrials Sector. Industrials 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 HII long-term trend chart]
A long-term uptrend had started on November 30, 2021 at 175.50 and reached 299.50 on March 5, 2024. HII gained -124.00 points, or -70.66%, in 118 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (202.39) 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 long-term trend.
 Medium-term trend: [See HII medium-term trend chart]
A medium-term downtrend had started on August 1, 2024 at 285.81 and reached 184.30 on October 31, 2024. HII lost 101.51 points, or 35.52%, in 13 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (246.36) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.
 Weekly Technical Indicators: [See HII 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 September 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 HII short-term trend chart]
A short-term downtrend had started on October 21, 2024 at 263.46 and reached 184.30 on October 31, 2024. HII lost 79.16 points, or 30.05%, in 10 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See HII daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since October 23, 2024. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands (59.89%) is close to one year high (45.01%). It is 491.36% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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