RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HBAN
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Red day on Wednesday for Huntington Bancshares Incorporated
(Updated on Jul 24, 2024)

Buy or Hold candidate since Jul 11, 2024 Gain 10.85% PDF

The Huntington Bancshares Incorporated stock price fell by -1.00% on the last day (Wednesday, 24th Jul 2024) from $15.07 to $14.92. During the last trading day the stock fluctuated 1.95% from a day low at $14.89 to a day high of $15.18. The price has risen in 8 of the last 10 days and is up by 14.15% over the past 2 weeks. Volume has increased on the last day by 8 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 22 million shares were bought and sold for approximately $331.32 million.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $15.07 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Huntington Bancshares Incorporated stock with a 90% probability to be traded between $12.16 and $14.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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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 $14.70 and $13.29. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 23, 2024, and so far it has fallen -1.00%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, July 10, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, July 10, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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 $13.92 and $12.97. 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 $13.92. If this is broken, then the next support from accumulated volume will be at $12.97 and $12.58.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.290 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 2.44%.

The Huntington Bancshares Incorporated stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $14.55 (-2.50%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (HBAN) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Huntington Bancshares Incorporated to open at $15.00, and during the day (based on 14 day Average True Range), to move between $14.58 and $15.26, which gives a possible trading interval of +/-$0.341 (+/-2.29%) up or down from last closing price. If Huntington Bancshares Incorporated takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.01 (0.60%) than the support at $13.92 (6.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Huntington Bancshares Incorporated stock A Buy?

Several short-term signals 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 period.

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Current score: 1.677 Buy Candidate Unchanged

Predicted Opening Price for Huntington Bancshares Incorporated of Thursday, July 25, 2024

Fair opening price July 25, 2024 Current price
$15.00 ( 0.514%) $14.92

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
R3 15.29 2.46%
R2 15.18 1.72%
R1 15.11 1.26%
Price 14.92
S1 14.89 -0.229%
S2 14.82 -0.687%
S3 14.71 -1.43%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 15.07 1.01%
R1 15.01 0.603%
Price 14.92
S1 13.92 -6.70%
S2 12.97 -13.07%
S3 12.58 -15.68%

HBAN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 17, 2024 Sep 17, 2024 Oct 01, 2024 $0.155 1.04%
2 Jun 17, 2024 Jun 17, 2024 Jul 01, 2024 $0.155 1.18%
3 Apr 19, 2024 Jun 14, 2024 Jul 01, 2024 $0.155 1.18%
4 Jan 19, 2024 Mar 15, 2024 Apr 01, 2024 $0.155 1.13%
5 Oct 20, 2023 Dec 15, 2023 Jan 02, 2024 $0.160 1.24%

FAQ

What is the symbol for Huntington Bancshares Incorporated Stock and on which exchange is it traded?
The symbol for Huntington Bancshares Incorporated is HBAN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Huntington Bancshares Incorporated Stock?
Several short-term signals 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 period.

How to buy Huntington Bancshares Incorporated Stock?
Huntington Bancshares Incorporated Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Huntington Bancshares Incorporated Stock.

What's the current price of Huntington Bancshares Incorporated Stock?
As of the end of day on the Jul 24, 2024, the price of an Huntington Bancshares Incorporated (HBAN) share was $14.92.

What is the 52-week high and low for Huntington Bancshares Incorporated Stock?
The 52-week high for Huntington Bancshares Incorporated Stock is $15.21 and the 52-week low is $9.25.

What is the market capitalization of Huntington Bancshares Incorporated Stock?
As of the Jul 24, 2024, the market capitalization of Huntington Bancshares Incorporated is 21.753B.

When is the next earnings date for Huntington Bancshares Incorporated?
The upcoming earnings date for Huntington Bancshares Incorporated is Oct 18, 2024.
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About Huntington Bancshares Incorporated

Huntington Bancsharesorporated Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and se... HBAN Profile

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