HUNTINGTON BANCSHARES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	HBAN
ISIN:

HUNTINGTON BANCSHARES INC. - Daily - Technical analysis published on 11/08/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 15.77 USD

My targets

18.43 USD (+6.41%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HUNTINGTON BANCSHARES INC. as long as the price remains well above 15.77 USD. The buyers' bullish objective is set at 18.43 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

9.1

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

HUNTINGTON BANCSHARES INC. rating 17.32 USD. The price registered a decrease of -0.35% on the session and was between 17.15 USD and 17.50 USD. This implies that the price is at +0.99% from its lowest and at -1.03% from its highest.

17.15

17.50

17.32

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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

A technical analysis in Daily of this HUNTINGTON BANCSHARES INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	14.98	15.34	15.77	17.32
Change (%)	-13.51%	-11.43%	-8.95%	-
Change	-2.34	-1.98	-1.55	-
Level	Major	Major	Intermediate	-

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	16.80	16.98	17.18	17.36	17.56	17.74	17.94
Camarilla	17.28	17.31	17.35	17.38	17.42	17.45	17.49
Woodie	16.81	16.99	17.19	17.37	17.57	17.75	17.95
Fibonacci	16.98	17.13	17.22	17.36	17.51	17.60	17.74

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.78	15.13	15.30	15.65	15.82	16.17	16.34
Camarilla	15.34	15.39	15.43	15.48	15.53	15.58	15.62
Woodie	14.70	15.09	15.22	15.61	15.74	16.13	16.26
Fibonacci	15.13	15.33	15.45	15.65	15.85	15.97	16.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.37	13.19	14.39	15.21	16.41	17.23	18.43
Camarilla	15.04	15.22	15.41	15.59	15.78	15.96	16.15
Woodie	12.56	13.29	14.58	15.31	16.60	17.33	18.62
Fibonacci	13.19	13.96	14.44	15.21	15.98	16.46	17.23

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):	73.51
MACD (12,26,9):	0.5200
Directional Movement:	30.94
AROON (14):	92.86
DEMA (21):	16.52
Parabolic SAR (0,02-0,02-0,2):	15.39
Elder Ray (13):	1.14
Super Trend (3,10):	15.93
Zig ZAG (10):	17.31
VORTEX (21):	1.0900
Stochastique (14,3,5):	94.20
TEMA (21):	16.79
Williams %R (14):	-9.91
Chande Momentum Oscillator (20):	1.78
Repulse (5,40,3):	2.3200
ROCnROLL:	1
TRIX (15,9):	0.3300
Courbe Coppock:	12.97

MA7:	16.32
MA20:	15.82
MA50:	15.05
MA100:	14.37
MAexp7:	16.60
MAexp20:	15.90
MAexp50:	15.21
MAexp100:	14.57
Price / MA7:	+6.13%
Price / MA20:	+9.48%
Price / MA50:	+15.08%
Price / MA100:	+20.53%
Price / MAexp7:	+4.34%
Price / MAexp20:	+8.93%
Price / MAexp50:	+13.87%
Price / MAexp100:	+18.87%

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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