HUNTINGTON BANCSHARES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Stocks
Ticker:	HBAN
ISIN:

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

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

17%

50%

33%

My opinion

Bearish under 13.76 USD

My targets

12.95 USD (-3.50%)

12.42 USD (-7.45%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for HUNTINGTON BANCSHARES INC. as long as the price remains well below 13.76 USD. The next bearish objective for sellers is set at 12.95 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.42 USD. In case of crossing, the next objective would be the support located at 10.81 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 12.95 USD. With this support, against the trend traders who want to buy HUNTINGTON BANCSHARES INC. on a buy signal from their trading strategy should not hesitate to act.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

1.4

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. rating is 13.42 USD. The price registered a decrease of -0.07% on the session with the lowest point at 13.35 USD and the highest point at 13.54 USD. The deviation from the price is +0.52% for the low point and -0.89% for the high point.

13.35

13.54

13.42

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of HUNTINGTON BANCSHARES INC. in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.81	12.42	12.95	13.42	13.76	14.54	15.71
Change (%)	-19.45%	-7.45%	-3.50%	-	+2.53%	+8.35%	+17.06%
Change	-2.61	-1.00	-0.47	-	+0.34	+1.12	+2.29
Level	Major	Major	Intermediate	-	Intermediate	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.16	13.27	13.35	13.46	13.54	13.65	13.73
Camarilla	13.38	13.40	13.41	13.43	13.45	13.47	13.48
Woodie	13.15	13.26	13.34	13.45	13.53	13.64	13.72
Fibonacci	13.27	13.34	13.39	13.46	13.53	13.58	13.65

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.61	12.95	13.43	13.77	14.25	14.59	15.07
Camarilla	13.70	13.77	13.85	13.92	14.00	14.07	14.15
Woodie	12.69	12.99	13.51	13.81	14.33	14.63	15.15
Fibonacci	12.95	13.26	13.45	13.77	14.08	14.27	14.59

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.35	12.81	13.37	13.83	14.39	14.85	15.41
Camarilla	13.64	13.73	13.83	13.92	14.01	14.11	14.20
Woodie	12.39	12.84	13.41	13.86	14.43	14.88	15.45
Fibonacci	12.81	13.20	13.44	13.83	14.22	14.46	14.85

Numerical data

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

Technical indicators

Moving averages

RSI (14):	42.38
MACD (12,26,9):	-0.0600
Directional Movement:	-1.07
AROON (14):	-57.14
DEMA (21):	13.67
Parabolic SAR (0,02-0,02-0,2):	13.32
Elder Ray (13):	-0.22
Super Trend (3,10):	14.22
Zig ZAG (10):	13.43
VORTEX (21):	0.8900
Stochastique (14,3,5):	16.49
TEMA (21):	13.52
Williams %R (14):	-85.35
Chande Momentum Oscillator (20):	-0.58
Repulse (5,40,3):	-1.7000
ROCnROLL:	2
TRIX (15,9):	0.0200
Courbe Coppock:	7.47

MA7:	13.58
MA20:	13.84
MA50:	13.70
MA100:	13.25
MAexp7:	13.57
MAexp20:	13.71
MAexp50:	13.61
MAexp100:	13.20
Price / MA7:	-1.18%
Price / MA20:	-3.03%
Price / MA50:	-2.04%
Price / MA100:	+1.28%
Price / MAexp7:	-1.11%
Price / MAexp20:	-2.12%
Price / MAexp50:	-1.40%
Price / MAexp100:	+1.67%

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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