HUNTINGTON BANCSHARES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	HBAN
ISIN:

HUNTINGTON BANCSHARES INC. - Daily - Technical analysis published on 02/06/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

56%

28%

My opinion

Bullish above 11.94 USD

My targets

12.58 USD (+1.53%)

13.09 USD (+5.65%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on HUNTINGTON BANCSHARES INC.. As long as you are above the support located at 11.94 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 12.58 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 13.09 USD as an objective. Crossing it would then enable buyers to target 14.72 USD. If the support 11.94 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

HUNTINGTON BANCSHARES INC. rating 12.39 USD. On the day, this instrument lost -0.08% and was between 12.31 USD and 12.51 USD. This implies that the price is at +0.65% from its lowest and at -0.96% from its highest.

12.31

12.51

12.39

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of HUNTINGTON BANCSHARES INC. in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.38	10.94	11.94	12.39	12.58	13.09	14.72
Change (%)	-16.22%	-11.70%	-3.63%	-	+1.53%	+5.65%	+18.81%
Change	-2.01	-1.45	-0.45	-	+0.19	+0.70	+2.33
Level	Minor	Major	Intermediate	-	Major	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.11	12.21	12.30	12.40	12.49	12.59	12.68
Camarilla	12.35	12.37	12.38	12.40	12.42	12.44	12.45
Woodie	12.12	12.21	12.31	12.40	12.50	12.59	12.69
Fibonacci	12.21	12.28	12.32	12.40	12.47	12.51	12.59

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.92	11.50	12.04	12.62	13.16	13.74	14.28
Camarilla	12.28	12.39	12.49	12.59	12.69	12.80	12.90
Woodie	10.91	11.49	12.03	12.61	13.15	13.73	14.27
Fibonacci	11.50	11.93	12.19	12.62	13.05	13.31	13.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.87	11.44	12.09	12.66	13.31	13.88	14.53
Camarilla	12.40	12.51	12.62	12.73	12.84	12.95	13.07
Woodie	10.90	11.46	12.12	12.68	13.34	13.90	14.56
Fibonacci	11.44	11.91	12.20	12.66	13.13	13.42	13.88

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	44.78
MACD (12,26,9):	0.0500
Directional Movement:	-7.34
AROON (14):	35.72
DEMA (21):	12.78
Parabolic SAR (0,02-0,02-0,2):	13.17
Elder Ray (13):	-0.25
Super Trend (3,10):	12.27
Zig ZAG (10):	12.35
VORTEX (21):	0.8800
Stochastique (14,3,5):	35.11
TEMA (21):	12.57
Williams %R (14):	-72.54
Chande Momentum Oscillator (20):	-0.37
Repulse (5,40,3):	-0.0300
ROCnROLL:	-1
TRIX (15,9):	0.1500
Courbe Coppock:	0.92

MA7:	12.68
MA20:	12.70
MA50:	12.37
MA100:	11.24
MAexp7:	12.59
MAexp20:	12.66
MAexp50:	12.27
MAexp100:	11.76
Price / MA7:	-2.29%
Price / MA20:	-2.44%
Price / MA50:	+0.16%
Price / MA100:	+10.23%
Price / MAexp7:	-1.59%
Price / MAexp20:	-2.13%
Price / MAexp50:	+0.98%
Price / MAexp100:	+5.36%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on HUNTINGTON BANCSHARES INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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