Huntington Bancshares Incorporated Stock Forecast
Huntington Bancshares Incorporated stock price down 0% on Monday
(Updated on Jun 17, 2024)
No changes to the price of Huntington Bancshares Incorporated stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0.89% from a day low at $24.67 to a day high of $24.89. The price has been going up and down for this period, and there has been a -2.17% loss for the last 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Huntington Bancshares Incorporated stock with a 90% probability to be traded between $24.43 and $25.82 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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HBANL Signals & Forecast
There are mixed signals in the stock today. 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 $24.81 and $24.92. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.651%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The stock had a Golden Star Signal on Monday, April 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.
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.
Golden Star
The stock had a Golden Star Signal on Monday, April 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.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.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, April 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.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.
A sell signal from a double top formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -2.18% to $24.21 within 48 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Huntington Bancshares Incorporated stock
Huntington Bancshares Incorporated finds support from accumulated volume at $24.71 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 $0.220 between high and low, or 0.89%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: $23.30 (-5.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (HBANL) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Huntington Bancshares Incorporated to open at $24.77, and during the day (based on 14 day Average True Range), to move between $24.43 and $25.07, which gives a possible trading interval of +/-$0.324 (+/-1.31%) up or down from last closing price. If Huntington Bancshares Incorporated takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.71 (0.16%) than the resistance at $24.90 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -0.303 Hold/Accumulate Unchanged
Predicted Opening Price for Huntington Bancshares Incorporated of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $24.77 ( 0.0808%) | $24.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBANL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.99 | 0.97% |
| R2 | 24.91 | 0.630% |
| R1 | 24.85 | 0.420% |
| Price | 24.75 | |
| S1 | 24.69 | -0.259% |
| S2 | 24.63 | -0.469% |
| S3 | 24.55 | -0.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.32 | 2.30% |
| R2 | 24.95 | 0.81% |
| R1 | 24.90 | 0.606% |
| Price | 24.75 | |
| S1 | 24.71 | -0.162% |
| S2 | 24.59 | -0.646% |
| S3 | 24.46 | -1.17% |
HBANL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.430 | 1.74% |
| 2 | Jan 19, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.430 | 1.78% |
| 3 | Oct 18, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.430 | 1.75% |
| 4 | Jul 19, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.430 | 1.94% |
| 5 | Apr 19, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.616 | 2.60% |
FAQ
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