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. - 1H - Technical analysis published on 03/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above 13.34 USD

My targets

13.68 USD (+1.48%)

14.72 USD (+9.20%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on HUNTINGTON BANCSHARES INC.. As long as you are above the support located at 13.34 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 13.68 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. 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. If the support 13.34 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

2.3

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. price is 13.48 USD. The price is lower by -0.15% since the last closing and was between 13.36 USD and 13.53 USD. This implies that the price is at +0.90% from its lowest and at -0.37% from its highest.

13.36

13.53

13.48

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

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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 results:

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 bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.58	13.13	13.34	13.48	13.68	14.72	15.91
Change (%)	-6.68%	-2.60%	-1.04%	-	+1.48%	+9.20%	+18.03%
Change	-0.90	-0.35	-0.14	-	+0.20	+1.24	+2.43
Level	Major	Major	Minor	-	Intermediate	Intermediate	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	13.23	13.35	13.43	13.55	13.63	13.75	13.83
Camarilla	13.45	13.46	13.48	13.50	13.52	13.54	13.56
Woodie	13.20	13.34	13.40	13.54	13.60	13.74	13.80
Fibonacci	13.35	13.43	13.48	13.55	13.63	13.68	13.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.39	12.72	13.11	13.44	13.83	14.16	14.55
Camarilla	13.30	13.37	13.43	13.50	13.57	13.63	13.70
Woodie	12.42	12.74	13.14	13.46	13.86	14.18	14.58
Fibonacci	12.72	13.00	13.17	13.44	13.72	13.89	14.16

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):	48.72
MACD (12,26,9):	0.0100
Directional Movement:	-0.49
AROON (14):	-50.00
DEMA (21):	13.53
Parabolic SAR (0,02-0,02-0,2):	13.72
Elder Ray (13):	-0.05
Super Trend (3,10):	13.28
Zig ZAG (10):	13.47
VORTEX (21):	1.0200
Stochastique (14,3,5):	29.29
TEMA (21):	13.47
Williams %R (14):	-62.50
Chande Momentum Oscillator (20):	-0.04
Repulse (5,40,3):	0.3900
ROCnROLL:	-1
TRIX (15,9):	0.0400
Courbe Coppock:	0.80

MA7:	13.43
MA20:	13.03
MA50:	12.83
MA100:	11.89
MAexp7:	13.48
MAexp20:	13.50
MAexp50:	13.39
MAexp100:	13.20
Price / MA7:	+0.37%
Price / MA20:	+3.45%
Price / MA50:	+5.07%
Price / MA100:	+13.37%
Price / MAexp7:	-0%
Price / MAexp20:	-0.15%
Price / MAexp50:	+0.67%
Price / MAexp100:	+2.12%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on HUNTINGTON BANCSHARES INC. at the time of the generation of this analysis was as follows:

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

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