HUNTINGTON BANCSHARES INC. - Daily - Technical analysis published on 07/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 26.49 USD
My targets
26.02 USD (-0.38%)
25.62 USD (-1.91%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on HUNTINGTON BANCSHARES INC. as long as the price remains well below 26.49 USD. The next bearish objective for sellers is set at 26.02 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 25.62 USD. In case of crossing, the next objective would be the support located at 25.24 USD.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HUNTINGTON BANCSHARES INC. price is 26.12 USD. The price is lower by -0.42% since the last closing with the lowest point at 26.01 USD and the highest point at 26.18 USD. The deviation from the price is +0.42% for the low point and -0.23% for the high point.26.01
26.18
26.12
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of HUNTINGTON BANCSHARES INC. indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.24 | 25.62 | 26.02 | 26.12 | 26.49 | 26.73 | 27.05 |
| Change (%) | -3.37% | -1.91% | -0.38% | - | +1.42% | +2.34% | +3.56% |
| Change | -0.88 | -0.50 | -0.10 | - | +0.37 | +0.61 | +0.93 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Intermediate |
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 | 25.90 | 26.02 | 26.13 | 26.25 | 26.36 | 26.48 | 26.59 |
| Camarilla | 26.17 | 26.19 | 26.21 | 26.23 | 26.25 | 26.27 | 26.29 |
| Woodie | 25.89 | 26.02 | 26.11 | 26.25 | 26.34 | 26.48 | 26.58 |
| Fibonacci | 26.02 | 26.11 | 26.17 | 26.25 | 26.34 | 26.40 | 26.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.53 | 25.20 | 25.55 | 26.22 | 26.56 | 27.23 | 27.58 |
| Camarilla | 25.61 | 25.70 | 25.80 | 25.89 | 25.98 | 26.08 | 26.17 |
| Woodie | 24.37 | 25.12 | 25.38 | 26.13 | 26.40 | 27.15 | 27.41 |
| Fibonacci | 25.20 | 25.59 | 25.83 | 26.22 | 26.60 | 26.84 | 27.23 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.34 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -7.86 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 26.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.69 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 26.87 | |
| Zig ZAG (10): | 26.12 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 24.26 | |
| TEMA (21): | 26.29 | |
| Williams %R (14): | -81.62 | |
| Chande Momentum Oscillator (20): | -0.69 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.71 |
| MA7: | 26.27 | |
| MA20: | 26.58 | |
| MA50: | 26.35 | |
| MA100: | 26.23 | |
| MAexp7: | 26.28 | |
| MAexp20: | 26.43 | |
| MAexp50: | 26.37 | |
| MAexp100: | 26.22 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | -1.73% | |
| Price / MA50: | -0.87% | |
| Price / MA100: | -0.42% | |
| Price / MAexp7: | -0.61% | |
| Price / MAexp20: | -1.17% | |
| Price / MAexp50: | -0.95% | |
| Price / MAexp100: | -0.38% |
This member declared not having a position on this financial instrument or a related financial instrument.
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