HUNTINGTON BANCSHARES INC. - Daily - Technical analysis published on 06/06/2024 (GMT)
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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
0
10
1.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
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.:
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
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
S3
S2
S1
R1
R2
R3
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 :
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15 min delayed data
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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:
- Investor Network: Huntington Bancshares Incorporated to Host Earnings Call
- Huntington's Disease Linked To Dysfunctional Brain Structure
- Huntington Bancshares
- Growblox Sciences Announces Patent Application for Treatments of Parkinson's Disease, Alzheimer's Disease, Huntington's Disease and Dementia
- InvestorsObserver releases covered-call reports for Alibaba, ConocoPhillips, Facebook, Huntington Ingalls Industries and Suncor Energy
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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