Huntington Bancshares Incorporated Stock Forecast
Green day on Wednesday for Huntington Bancshares Incorporated stock after gaining 3.37%
(Updated on Mar 27, 2024)
The Huntington Bancshares Incorporated stock price gained 3.37% on the last trading day (Wednesday, 27th Mar 2024), rising from $13.34 to $13.79. During the last trading day the stock fluctuated 3.37% from a day low at $13.35 to a day high of $13.80. The price has fallen in 6 of the last 10 days but is still up by 2.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately $178.27 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $13.87 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.18% during the next 3 months and, with a 90% probability hold a price between $13.54 and $14.73 at the end of this 3-month period.
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HBAN Signals & Forecast
The Huntington Bancshares Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $13.39 and $13.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.08%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Huntington Bancshares Incorporated stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.05 and $12.86. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Huntington Bancshares Incorporated finds support just below today's level at $13.05. If this is broken, then the next support from accumulated volume will be at $12.86 and $12.72.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.450 between high and low, or 3.37%. For the last week the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: $13.22 (-4.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (HBAN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Huntington Bancshares Incorporated to open at $13.65, and during the day (based on 14 day Average True Range), to move between $13.49 and $14.09, which gives a possible trading interval of +/-$0.302 (+/-2.19%) up or down from last closing price. If Huntington Bancshares Incorporated takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $13.05, some $0.740 (5.37%) from the current price of $13.79, our system finds the risk reward attractive.
Is Huntington Bancshares Incorporated stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Huntington Bancshares Incorporated stock to perform well in the short-term.
Current score: 4.637 Buy Candidate Unchanged
Predicted Opening Price for Huntington Bancshares Incorporated of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$13.65 ( 1.04%) | $13.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBAN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.10 | 2.22 % | |
R2 | 13.92 | 0.98 % | ||
R1 | 13.82 | 0.207 % | ||
Current price: | 13.79 | |||
Support | S1 | 13.47 | -2.29 % | |
S2 | 13.37 | -3.06 % | ||
S3 | 13.20 | -4.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 13.79 | |||
Support | S1 | 13.05 | -5.37% | |
S2 | 12.86 | -6.74% | ||
S3 | 12.72 | -7.76% |
HBAN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 19, 2024 | Mar 15, 2024 | Apr 01, 2024 | $0.155 | 1.12% |
2 | Oct 20, 2023 | Dec 15, 2023 | Jan 02, 2024 | $0.160 | 1.24% |
3 | Jul 19, 2023 | Sep 15, 2023 | Oct 02, 2023 | $0.155 | 1.55% |
4 | Apr 19, 2023 | Jun 15, 2023 | Jul 03, 2023 | $0.155 | 1.42% |
5 | Jan 20, 2023 | Mar 17, 2023 | Apr 03, 2023 | $0.155 | 1.39% |
FAQ
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