HUNTINGTON BANCSHARES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	HBAN
ISIN:

HUNTINGTON BANCSHARES INC. - Daily - Technical analysis published on 10/28/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 14.09 USD

My targets

14.59 USD (+0.07%)

15.69 USD (+7.61%)

My analysis

The bullish trend is currently very strong on HUNTINGTON BANCSHARES INC.. As long as the price remains above the support at 14.09 USD, you could try to benefit from the boom. The first bullish objective is located at 14.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15.69 USD as an objective. Crossing it would then enable buyers to target 16.48 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

8.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

HUNTINGTON BANCSHARES INC. rating 14.58 USD. The price registered an increase of +0.69% on the session and was between 14.47 USD and 14.64 USD. This implies that the price is at +0.76% from its lowest and at -0.41% from its highest.

14.47

14.64

14.58

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Technical

Technical analysis of HUNTINGTON BANCSHARES INC. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

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 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.15	13.49	14.09	14.58	14.59	15.69	16.48
Change (%)	-9.81%	-7.48%	-3.36%	-	+0.07%	+7.61%	+13.03%
Change	-1.43	-1.09	-0.49	-	+0.01	+1.11	+1.90
Level	Intermediate	Major	Major	-	Major	Minor	Major

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	14.04	14.14	14.31	14.41	14.58	14.68	14.85
Camarilla	14.41	14.43	14.46	14.48	14.51	14.53	14.55
Woodie	14.08	14.16	14.35	14.43	14.62	14.70	14.89
Fibonacci	14.14	14.24	14.31	14.41	14.51	14.58	14.68

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.84	13.99	14.23	14.38	14.63	14.78	15.02
Camarilla	14.37	14.41	14.44	14.48	14.52	14.55	14.59
Woodie	13.89	14.01	14.28	14.41	14.68	14.80	15.07
Fibonacci	13.99	14.14	14.23	14.38	14.53	14.63	14.78

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.82	11.73	13.00	13.91	15.18	16.09	17.36
Camarilla	13.67	13.87	14.07	14.27	14.47	14.67	14.87
Woodie	11.00	11.82	13.18	14.00	15.36	16.18	17.54
Fibonacci	11.73	12.56	13.08	13.91	14.74	15.26	16.09

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):	63.21
MACD (12,26,9):	0.1600
Directional Movement:	0.92
AROON (14):	92.86
DEMA (21):	14.41
Parabolic SAR (0,02-0,02-0,2):	13.98
Elder Ray (13):	0.27
Super Trend (3,10):	13.70
Zig ZAG (10):	14.58
VORTEX (21):	0.9900
Stochastique (14,3,5):	90.32
TEMA (21):	14.44
Williams %R (14):	-5.11
Chande Momentum Oscillator (20):	0.85
Repulse (5,40,3):	2.0500
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	8.67

MA7:	14.40
MA20:	14.07
MA50:	13.83
MA100:	13.61
MAexp7:	14.40
MAexp20:	14.21
MAexp50:	13.95
MAexp100:	13.70
Price / MA7:	+1.25%
Price / MA20:	+3.62%
Price / MA50:	+5.42%
Price / MA100:	+7.13%
Price / MAexp7:	+1.25%
Price / MAexp20:	+2.60%
Price / MAexp50:	+4.52%
Price / MAexp100:	+6.42%

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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