Huntington Bancshares Technical Analysis (NASDAQ:HBAN)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Huntington Bancshares stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the HBAN stock chart which creates a trading signal.
See Huntington Bancshares bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Huntington Bancshares stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Huntington Bancshares Moving Average
Moving averages help predict the price direction of HBAN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $14.96 is below the price of $15.
Huntington Bancshares Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Huntington Bancshares. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Huntington Bancshares bollinger bands.
Huntington Bancshares Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Huntington Bancshares MACD line is above the signal line.
Huntington Bancshares Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of HBAN stock is 53.04.