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Downtrend ResistanceArchive
- 1/3/2025 -
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Huntington (HII) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Huntington (HII). During the week, the HII dropped -2.30 points, or -1.21%, and closed at 188.10 on Friday, January 3, 2025. HII was trading at average weekly trading volume.
 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 uptrend support line (203.74) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HII may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See HII medium-term trend chart]
A medium-term downtrend had started on August 29, 2024 at 285.43 and reached 184.30 on October 31, 2024. HII lost 101.13 points, or 35.43%, in 9 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See HII weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish 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, Relative Strength Index and 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. 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 December 18, 2024 at 206.10 and reached 186.40 on December 30, 2024. HII lost 19.70 points, or 9.56%, in 12 days. The price is now at the 8.63% retracement level.
 Daily Technical Indicators: [See HII daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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.
The daily MACD line is above its signal line since November 20, 2024. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands is falling, and it was 5.68% on Friday. It is 54.29% lower than one year average. It indicates the period of low volatility of the stock price. 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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