HUNTINGTON BANCSHARES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	HBAN
ISIN:

HUNTINGTON BANCSHARES INC. - 1H - Technical analysis published on 03/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 13.24 USD

My targets

13.65 USD (+1.96%)

14.72 USD (+9.93%)

My analysis

The bullish trend is currently very strong on HUNTINGTON BANCSHARES INC.. As long as the price remains above the support at 13.24 USD, you could try to benefit from the boom. The first bullish objective is located at 13.65 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.72 USD as an objective. Crossing it would then enable buyers to target 15.91 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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.

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Additional analysis

Quotes

The HUNTINGTON BANCSHARES INC. price is 13.39 USD. On the day, this instrument gained +3.40% and was between 13.05 USD and 13.45 USD. This implies that the price is at +2.61% from its lowest and at -0.45% from its highest.

13.05

13.45

13.39

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this HUNTINGTON BANCSHARES INC. chart shows a strongly bullish trend. 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	12.93	13.13	13.24	13.39	14.72	15.91
Change (%)	-3.44%	-1.94%	-1.12%	-	+9.93%	+18.82%
Change	-0.46	-0.26	-0.15	-	+1.33	+2.52
Level	Minor	Major	Minor	-	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	12.48	12.58	12.77	12.87	13.06	13.16	13.35
Camarilla	12.87	12.90	12.92	12.95	12.98	13.00	13.03
Woodie	12.52	12.60	12.81	12.89	13.10	13.18	13.39
Fibonacci	12.58	12.69	12.76	12.87	12.98	13.05	13.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.21	12.44	12.69	12.92	13.17	13.40	13.65
Camarilla	12.82	12.86	12.91	12.95	12.99	13.04	13.08
Woodie	12.23	12.45	12.71	12.93	13.19	13.41	13.67
Fibonacci	12.44	12.62	12.73	12.92	13.10	13.21	13.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.29	11.68	12.36	12.75	13.43	13.82	14.50
Camarilla	12.75	12.84	12.94	13.04	13.14	13.24	13.33
Woodie	11.44	11.75	12.51	12.82	13.58	13.89	14.65
Fibonacci	11.68	12.09	12.34	12.75	13.16	13.41	13.82

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):	69.95
MACD (12,26,9):	0.0800
Directional Movement:	20.92
AROON (14):	57.15
DEMA (21):	13.13
Parabolic SAR (0,02-0,02-0,2):	12.73
Elder Ray (13):	0.31
Super Trend (3,10):	13.00
Zig ZAG (10):	13.41
VORTEX (21):	1.0700
Stochastique (14,3,5):	93.68
TEMA (21):	13.19
Williams %R (14):	-4.70
Chande Momentum Oscillator (20):	0.41
Repulse (5,40,3):	2.0400
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	2.43

MA7:	12.99
MA20:	12.74
MA50:	12.74
MA100:	11.71
MAexp7:	13.18
MAexp20:	13.04
MAexp50:	12.95
MAexp100:	12.85
Price / MA7:	+3.08%
Price / MA20:	+5.10%
Price / MA50:	+5.10%
Price / MA100:	+14.35%
Price / MAexp7:	+1.59%
Price / MAexp20:	+2.68%
Price / MAexp50:	+3.40%
Price / MAexp100:	+4.20%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on HUNTINGTON BANCSHARES INC.. At the time of publication of this analysis, the latest news was as follows:

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

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