HUNTINGTON BANCSHARES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	HBAN
ISIN:

HUNTINGTON BANCSHARES INC. - 1H - Technical analysis published on 08/13/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

39%

44%

My opinion

Bearish under 13.77 USD

My targets

12.98 USD (-2.92%)

12.74 USD (-4.71%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HUNTINGTON BANCSHARES INC. as long as the price remains well below 13.77 USD. The sellers' bearish objective is set at 12.98 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.74 USD. In case of crossing, the next objective would be the support located at 12.18 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

6.4

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.

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 13.37 USD. The price is lower by -0.08% since the last closing and was traded between 13.29 USD and 13.50 USD over the period. The price is currently at +0.60% from its lowest and -0.96% from its highest.

13.29

13.50

13.37

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

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	12.74	12.98	13.31	13.37	13.77	14.35	14.65
Change (%)	-4.71%	-2.92%	-0.45%	-	+2.99%	+7.33%	+9.57%
Change	-0.63	-0.39	-0.06	-	+0.40	+0.98	+1.28
Level	Major	Intermediate	Major	-	Minor	Major	Minor

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	12.63	12.99	13.18	13.54	13.73	14.09	14.28
Camarilla	13.23	13.28	13.33	13.38	13.43	13.48	13.53
Woodie	12.56	12.95	13.11	13.50	13.66	14.05	14.21
Fibonacci	12.99	13.20	13.33	13.54	13.75	13.88	14.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.35	12.66	13.14	13.45	13.93	14.24	14.72
Camarilla	13.39	13.47	13.54	13.61	13.68	13.76	13.83
Woodie	12.43	12.70	13.22	13.49	14.01	14.28	14.80
Fibonacci	12.66	12.97	13.15	13.45	13.76	13.94	14.24

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.96	11.88	13.41	14.33	15.86	16.78	18.31
Camarilla	14.28	14.50	14.73	14.95	15.18	15.40	15.62
Woodie	11.28	12.03	13.73	14.48	16.18	16.93	18.63
Fibonacci	11.88	12.81	13.39	14.33	15.26	15.84	16.78

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):	42.20
MACD (12,26,9):	-0.0500
Directional Movement:	4.45
AROON (14):	-50.00
DEMA (21):	13.39
Parabolic SAR (0,02-0,02-0,2):	13.70
Elder Ray (13):	-0.05
Super Trend (3,10):	13.70
Zig ZAG (10):	13.40
VORTEX (21):	0.9800
Stochastique (14,3,5):	15.21
TEMA (21):	13.43
Williams %R (14):	-84.17
Chande Momentum Oscillator (20):	-0.22
Repulse (5,40,3):	-0.1500
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.83

MA7:	13.40
MA20:	14.29
MA50:	13.49
MA100:	13.50
MAexp7:	13.40
MAexp20:	13.46
MAexp50:	13.64
MAexp100:	13.87
Price / MA7:	-0.22%
Price / MA20:	-6.44%
Price / MA50:	-0.89%
Price / MA100:	-0.96%
Price / MAexp7:	-0.22%
Price / MAexp20:	-0.67%
Price / MAexp50:	-1.98%
Price / MAexp100:	-3.60%

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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