Huntington Bancshares isn’t an actively traded name, but its chart may have some potentially interesting patterns this week.
First is the level around $12.19, its highest weekly close last summer. HBAN jumped above that price in mid-December before testing it in January and again this month. Old resistance may have become new support.
Second is the series of...
Huntington Bancshares Incorporated (NASDAQ: NASDAQ:HBAN ) has weathered the challenges of the past year and emerged with a strategic vision for growth. In the recent fourth-quarter earnings call, the financial institution reported a year of increased deposits and loans, showcasing resilience in managing deposit beta. Despite a dip in net interest income,...
Analyzing the options chain and the chart patterns of HBAN Huntington Bancshares prior to the earnings report this week,
I would consider purchasing the 110usd strike price in the money Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least...
Not financial advice.
$HBAN Inside broadening formation heading to the lower part of it. Possible support around area of $6
Thank you!
Alex.
Not financial advice.
The PEAD projected a Bullish outlook for $HBAN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 44.44%.
The PEAD projected a Bullish outlook for $HBAN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 37.5%.
The PEAD projected a Bullish outlook for $HBAN after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Comparable areas in green and in white
Right now as price is on this dominant trend line, upward movement can be expected, as seen in the first scenario
Upside price momentum supports the bullish trend.
Remains above its 200-day simple moving average.
MACD crossover highlights a change in trend direction to bullish.
Above 16.25 supports a bullish trend.
The past 4 years shows a tight trading range for HBAN. Where are the investors? What is this company doing to attract new investors? As someone who lives in the Midwest I would like to know.
Huntington is headquartered in the heart of the Midwest and is well positioned to profit from infrastructure spending. Why then for the anemic momentum shown in the stock price? Seriously, can someone please explain for the lack of upward momentum?
No position suggested.
Worth noting. that price action has retraced a recent Harmonic Bat pattern and a possible double bottom.
Currently also a Bullish harmonic Crab has evolved.
Watching ... The Harmonic Crab pattern can often extend past a ideal 1.618 extension.
A broad positive market is also needed.
As always do your own due diligence.
S.
Banks sold off heavily due to fed uncertainty/their announcement and T-bill market volatility, particularly regional banks like HBAN. HBAN's recent acquisition of TCF bank is just beginning to become accretive to their overall business and the bottom line. See more details on that acquisition in my prior posts linked below.
Buy this capitulation/weakness
Just...
