Huntington Bancshares Incorporated Stock Forecast
Huntington Bancshares Incorporated stock price up 0.457% on Monday
(Updated on Jun 17, 2024)
The Huntington Bancshares Incorporated stock price gained 0.457% on the last trading day (Monday, 17th Jun 2024), rising from $17.50 to $17.58. During the last trading day the stock fluctuated 1.44% from a day low at $17.40 to a day high of $17.65. The price has risen in 6 of the last 10 days but is still down by -0.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 47 thousand shares were bought and sold for approximately $826.95 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.45% during the next 3 months and, with a 90% probability hold a price between $15.00 and $16.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HBANP 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 $17.59 and $17.72. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.33%. 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). Huntington Bancshares Incorporated has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Huntington Bancshares Incorporated stock
Huntington Bancshares Incorporated finds support from accumulated volume at $17.54 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 $0.250 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: $16.63 (-5.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (HBANP) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock to open at $17.54, and during the day (based on 14 day Average True Range), to move between $17.27 and $17.89, which gives a possible trading interval of +/-$0.308 (+/-1.75%) up or down from last closing price. If Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.60 (0.11%) than the support at $17.54 (0.23%), 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 Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock 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: -0.007 Hold/Accumulate Unchanged
Predicted Opening Price for Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $17.54 ( 0.209%) | $17.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBANP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.79 | 1.21% |
| R2 | 17.70 | 0.670% |
| R1 | 17.64 | 0.335% |
| Price | 17.58 | |
| S1 | 17.45 | -0.752% |
| S2 | 17.39 | -1.09% |
| S3 | 17.29 | -1.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.41 | 10.41% |
| R2 | 17.85 | 1.54% |
| R1 | 17.60 | 0.114% |
| Price | 17.58 | |
| S1 | 17.54 | -0.228% |
| S2 | 17.53 | -0.284% |
| S3 | 17.32 | -1.48% |
HBANP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.281 | 1.60% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.281 | 1.60% |
| 3 | Oct 18, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.281 | 1.50% |
| 4 | Jul 19, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.281 | 1.92% |
| 5 | Apr 19, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.281 | 1.56% |
FAQ
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