Huntington Bancshares Inc (HBAN): Price Now Near $13.88; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for HBAN

Currently, HBAN (Get Ratings)’s price is down $-0.01 (-0.11%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as HBAN has now gone down 4 of the past 5 hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Banking stocks, HBAN ranks 113th in regards to today’s price percentage change.

HBAN’s Technical Outlook on the Daily Chart

At the moment, HBAN’s price is down $-0.03 (-0.22%) from the day prior. This is the 2nd day in a row HBAN has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows HBAN’s price action over the past 90 days.

HBAN

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HBAN: Daily RSI Analysis

  • For HBAN, its RSI is now at 71.4286.
  • HBAN and RSI may be exhibiting divergent trends. This may be something to monitor.

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