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Huntington Bancshares Incorporated Stock Forecast NASDAQ:HBAN

$15.37 (-5.99%)

Volume: 11M

Closed: Nov 26, 2021

Hollow Logo Score: -2.116

Huntington Bancshares Incorporated Stock Forecast

$15.37 (-5.99%)

Volume: 11M

Closed: Nov 26, 2021

Score Hollow Logo -2.116
Which way will HBAN go? Request
Key Stats
P/E Ratio 21.03
Beta 1.2
Trailing Dividend Rate 3.85% ($0.59)
Next Dividend Date Dec 16, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 41 and the stock is currently not being overbought or oversold

Very red day for Huntington Bancshares Incorporated stock price after -5.99% fall in Friday trading session
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Huntington Bancshares Incorporated stock price fell by -5.99% on the last day (Friday, 26th Nov 2021) from $16.35 to $15.37. and has now fallen 3 days in a row. During the day the stock fluctuated 3.99% from a day low at $15.23 to a day high of $15.84. The price has fallen in 6 of the last 10 days and is down by -5.59% for this period. Volume has increased on the last day by 5 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, 11 million shares were bought and sold for approximately $164.84 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.17 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 $16.34 and $18.54 at the end of this 3-month period.

Signals & Forecast

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. The Huntington Bancshares Incorporated stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.12 and $16.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, October 20, 2021, and so far it has fallen -7.96%. 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.

Support, Risk & Stop-loss

Huntington Bancshares Incorporated finds support from accumulated volume at $15.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.61 between high and low, or 3.99%. For the last week the stock has had a daily average volatility of 2.35%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Huntington Bancshares Incorporated stock A Buy?

The Huntington Bancshares Incorporated stock holds several negative signals and despite the positive trend, we believe Huntington Bancshares Incorporated will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.116

Predicted Opening Price for Huntington Bancshares Incorporated of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$15.48 $15.37 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 17, 2021 "Wolfe Research" gave "$20.00 - $18.00" rating for HBAN. The price target was changed from $16.23 to 1.6%.

Volatility and Risk
Daily Average Volatility: 2.35 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.35 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $15.67
Price: $15.37
Support: $15.04

HBAN Insider Trading Show all Trades

INSIDER POWER

2.835

Last 100 transactions
Buy: 3 164 638 | Sell: 1 116 229 (Shares)
Date Action Amount Person Type
Nov 11, 2021 Sell 24 282 Syal Rajeev Employee/Director Stock Option (Right to Buy)
Nov 11, 2021 Sell 20 202 Syal Rajeev Employee/Director Stock Option (Right to Buy)
Nov 11, 2021 Sell 2 292 Syal Rajeev Employee/Director Stock Option (Right to Buy)
Nov 11, 2021 Sell 7 768 Syal Rajeev Employee/Director Stock Option (Right to Buy)
Nov 11, 2021 Sell 67 826 Syal Rajeev Common Stock
Show all Insider Trades
INSIDER POWER

2.835

Last 100 transactions
Buy: 3 164 638 | Sell: 1 116 229 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 16.09 4.67 %
15.85 3.15 %
15.71 2.22 %
Current price: 15.37
Support 15.25 -0.80 %
15.10 -1.73 %
14.87 -3.24 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 15.87 3.25 %
15.81 2.86 %
15.67 1.95 %
Current price 15.37
Support 15.04 -2.15%
14.95 -2.73%
14.42 -6.18%

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About Huntington Bancshares Incorporated

Huntington Bancsharesorporated Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company’s Retail and Business Banking segment offers financial products and services, including checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate... Read more

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