HBAN stock: buy or sell
Jun 22nd, 2021
HBAN stock brief
- Huntington Bancshares closed on Monday at $13.68 after skyrocketing a 3.09%.
- Looking at the chart, price is drawing an scaled downtrend since last March with lower tops and lower bottoms. this downtrend marked a -18.23% loss(from its highs at $16.73).
Should I buy Huntington Bancshares stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $HBAN stock a buy?
In the current situation of Huntington Bancshares there is not any eligible buy setup. This doesn't mean $HBAN will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Huntington Bancshares stock?
When is it time to sell Huntington Bancshares?. Trading strategies give us the ability us to avoid impetuous decisions based on our personal feelings or the noise that surrounds the market. When selling, as well as buying, our setups are very easy to use but are only applicable for selling shares you already own, not for selling short Huntington Bancshares stock
A golden rule is that you must never mantain a trade that leads to greater losses than those expected upon the buy. The moment to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Huntington Bancshares stock?
In the current situation of Huntington Bancshares there is not any eligible sell setup, so Huntington Bancshares stock holders with operations in green can keep their positions
Huntington Bancshares ratings
We don't have any rating published in the last month for Huntington Bancshares
Huntington Bancshares stock analysis
Huntington Bancshares accumulates a price drop of -18.23% since its latest peak last March at $16.73. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 3 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band last Friday, the price has bounced off by 5.15%. The price is trading near to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy point, as price can move in these levels for many days and weeks
Relative strength index
After breaking down the oversold zone yesterday, crossed up back above with a reading of 32.48. This is a sign of strength for the Huntington Bancshares shares
Huntington Bancshares stock price history
Huntington Bancshares went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, HBAN stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in Huntington Bancshares stock on Mar 1980, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Huntington Bancshares stock
Nobody knows how much a share will be priced in the future. Banks and financial organisations post their analysis predicting how a stock will performance in the future.
The following table shows the price predictions published by brokerage institutions in the last 30 days. If you are a small investor you shouldn't invest based on these predictions.
We don't have any target price posted in the last month for Huntington Bancshares.
Earnings and financials
Huntington Bancshares Incorporated ($HBAN) published quarterly earnings of $0.48 per share last April, highly beating the Market consensus estimate of $0.35 per share. This Q1 report represents an earnings surprise of 37.14%. Company's sales resulted of $1.4 billion compared to $1.2 billion predicted by analysts.Compared to the same quarter one year ago, EPS was $0.03, so current EPS means a gain of 1,500.00%. Revenue exploded a 100.00% on an annualized basis in the , from $7.1B to $14.2B last quarter.
HBAN ($HBAN) will host the quarterly earnings call mid next July. Market estimates of $0.29, compared to previous quarter that was $0.48.
Huntington Bancshares performance
|Huntington Bancshares ($HBAN)||-11.20%||-11.40%||13.10%|
Disclaimer:The viewpoints published in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the individual positions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for educative purposes only
|Monday, June 21st, 2021|
|Day range||$13.31 - $13.72|
|Average true range||$0.57|
|50d mov avg||$15.25|
|100d mov avg||$15.20|
|200d mov avg||$13.16|
|Earnings date||July 22nd, 2021|