Huntington Bancshares Incorporated Stock Forecast
Huntington Bancshares Incorporated stock price up 0.759% on Friday
(Updated on Apr 19, 2024)
The Huntington Bancshares Incorporated stock price gained 0.759% on the last trading day (Friday, 19th Apr 2024), rising from $13.18 to $13.28. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.00% from a day low at $12.80 to a day high of $13.44. The price has been going up and down for this period, and there has been a -2.35% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 million more shares were traded than the day before. In total, 39 million shares were bought and sold for approximately $520.78 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.09 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.72% during the next 3 months and, with a 90% probability hold a price between $14.10 and $15.26 at the end of this 3-month period.
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HBAN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.84%. 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. The Huntington Bancshares Incorporated stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.43. On a fall, the stock will find some support from the short-term average at $13.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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
Huntington Bancshares Incorporated finds support from accumulated volume at $13.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.640 (5.00%) between high and low. For the last week, the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: $12.54 (-5.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (HBAN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Huntington Bancshares Incorporated to open at $13.17, and during the day (based on 14 day Average True Range), to move between $12.94 and $13.62, which gives a possible trading interval of +/-$0.337 (+/-2.54%) up or down from last closing price. If Huntington Bancshares Incorporated takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.44 (1.20%) than the support at $13.05 (1.73%), 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?
Huntington Bancshares Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.307 Hold/Accumulate Unchanged
Predicted Opening Price for Huntington Bancshares Incorporated of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$13.17 ( 0.80%) | $13.28 |
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 | 13.81 | 4.02 % | |
R2 | 13.57 | 2.18 % | ||
R1 | 13.42 | 1.04 % | ||
Current price: | 13.28 | |||
Support | S1 | 12.93 | -2.64 % | |
S2 | 12.78 | -3.78 % | ||
S3 | 12.53 | -5.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.61 | 2.48 % | |
R2 | 13.60 | 2.41 % | ||
R1 | 13.44 | 1.20 % | ||
Current price | 13.28 | |||
Support | S1 | 13.05 | -1.73% | |
S2 | 13.04 | -1.81% | ||
S3 | 12.87 | -3.09% |
HBAN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 19, 2024 | Mar 15, 2024 | Apr 01, 2024 | $0.155 | 1.13% |
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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