Londinia Opportunities Analyses - 05/06/2024 (GMT) HUNTINGTON BANCSHARES INC. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	HBAN
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 13.79 USD

My targets

14.04 USD (+1.01%)

14.54 USD (+4.60%)

My analysis

HUNTINGTON BANCSHARES INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 13.79 USD. The next resistance located at 14.04 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 14.54 USD. After this resistance, buyers could then target 15.71 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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Additional analysis

Quotes

The HUNTINGTON BANCSHARES INC. price is 13.90 USD. The price registered an increase of +0.73% on the session and was between 13.80 USD and 13.96 USD. This implies that the price is at +0.72% from its lowest and at -0.43% from its highest.

13.80

13.96

13.90

Here is a more detailed summary of the historical variations registered by HUNTINGTON BANCSHARES INC.:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of HUNTINGTON BANCSHARES INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.04	13.54	13.79	13.90	14.04	14.54	15.71
Change (%)	-6.19%	-2.59%	-0.79%	-	+1.01%	+4.60%	+13.02%
Change	-0.86	-0.36	-0.11	-	+0.14	+0.64	+1.81
Level	Intermediate	Intermediate	Minor	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.55	13.67	13.73	13.85	13.91	14.03	14.09
Camarilla	13.75	13.77	13.78	13.80	13.82	13.83	13.85
Woodie	13.53	13.66	13.71	13.84	13.89	14.02	14.07
Fibonacci	13.67	13.74	13.78	13.85	13.92	13.96	14.03

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.95	13.19	13.49	13.73	14.03	14.27	14.57
Camarilla	13.65	13.70	13.75	13.80	13.85	13.90	13.95
Woodie	12.99	13.21	13.53	13.75	14.07	14.29	14.61
Fibonacci	13.19	13.39	13.52	13.73	13.93	14.06	14.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.55	12.18	12.82	13.45	14.09	14.72	15.36
Camarilla	13.12	13.24	13.35	13.47	13.59	13.70	13.82
Woodie	11.57	12.18	12.84	13.45	14.11	14.72	15.38
Fibonacci	12.18	12.66	12.96	13.45	13.93	14.23	14.72

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):	61.94
MACD (12,26,9):	0.0700
Directional Movement:	19.99
AROON (14):	35.71
DEMA (21):	13.86
Parabolic SAR (0,02-0,02-0,2):	13.67
Elder Ray (13):	0.07
Super Trend (3,10):	13.62
Zig ZAG (10):	13.88
VORTEX (21):	1.0600
Stochastique (14,3,5):	79.20
TEMA (21):	13.90
Williams %R (14):	-18.29
Chande Momentum Oscillator (20):	0.29
Repulse (5,40,3):	-0.1100
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	3.38

MA7:	13.66
MA20:	13.52
MA50:	13.39
MA100:	12.96
MAexp7:	13.85
MAexp20:	13.77
MAexp50:	13.68
MAexp100:	13.60
Price / MA7:	+1.76%
Price / MA20:	+2.81%
Price / MA50:	+3.81%
Price / MA100:	+7.25%
Price / MAexp7:	+0.36%
Price / MAexp20:	+0.94%
Price / MAexp50:	+1.61%
Price / MAexp100:	+2.21%

Quotes : - 15 min delayed data - Actions NASDAQ

News

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