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Huntington Bancshares Incorporated (HBAN) Technical Analysis

January 31, 2026

Price Action Analysis

Overview

  • The HBAN chart setup reflects a sustained uptrend on the weekly view with a more recent, constructive pullback on the daily. Price has been making higher highs and higher lows over the past several months, but has pulled back from recent highs near the 18.8–19.0 area to the mid-17s in the latest session.
  • Daily action shows a recent consolidation around the 17.4–17.6 zone after testing higher highs near 18.0–18.2. Intraday, price traded up to roughly 17.64 but closed closer to the lower end of that range, suggesting near-term digestion of the advance.
  • Weekly action remains in an upcycled context, with higher levels tested over multi-quarter horizons. The recent pullback sits within a larger uptrend, implying potential for renewed strength if buyers step in around key supports.

Price action specifics

  • Trend direction: Uptrend in both timeframes, with a near-term pullback within the broader uptrend.
  • Breakouts: No decisive breakout beyond 18.2–18.5 on a sustained close yet in the latest data; resistance around 18.0–18.2 has been visited but not decisively cleared.
  • Support/resistance levels:
    • Immediate resistance: roughly $18.15–$18.20 (zone around the recent highs).
    • Immediate support: around $17.40–$17.50 (near-term basing area that has seen intraday tests).
    • Secondary support (closer to the 50-day MA): near $17.20.
    • Longer-term support zone: around $16.75–$16.90 (confluence with longer-term moving averages on the chart).
  • Candlestick structures: The daily series features multiple bullish candles with gradually shrinking bodies during the pullback, followed by ongoing attempts to reassert upside. Occasional longer upper wicks at resistance indicate selling pressure near the round numbers/previous highs.
  • Volume behavior: Volume tends to rise on days that push toward resistance and on stronger up moves, with lighter volume on pullbacks, consistent with a gradual accumulation into higher levels. Last sessions show moderate volume during the pullback, suggesting balance between buyers and sellers rather than an outright distribution event.

Notes on the attached charts

  • Daily 3-month view: Upward tilt with periodic pullbacks, currently basing around the 17.4–17.6 area.
  • Weekly 2-year view: Sustained uptrend with higher highs recently; pullback within a long-run uptrend context.

Technical Indicators

Summary readings (as of the latest data)

  • Price vs Moving Averages:

    • Current price: $17.48
    • 50-day moving average: about $17.00
    • 200-day moving average: about $16.30
    • Price is trading above both the 50-day and 200-day moving averages, indicating bullish structure on a longer horizon.

  • Momentum indicators:

    • RSI (14): around 41.3 (latest punch of the dataset; has been oscillating between oversold/neutral ranges in recent sessions, suggesting room for a rebound if price action confirms).
    • MACD (12,26,9): MACD line near 0.0 with the signal line around 0.1; histogram slightly negative, indicating modestly waning momentum but potential for a shift higher if price execution improves.

  • Key table (condensed) | Indicator | Value | Interpretation | |---|---:|---| | Current price | $17.48 | Near-term pullback within uptrend; bounce potential near support. | | 50-day MA | $17.00 | Price above, supports near-term trend; acts as dynamic support. | | 200-day MA | $16.30 | Longer-term uptrend support; price comfortably above. | | RSI (14) | 41.3 | Neutral to modestly oversold; room for upside if price improves. | | MACD (12,26,9) | MACD ~0.00; Signal ~0.10; Histogram ≈ -0.10 | Slight negative momentum; potential for a bullish cross if price advances. |

Notes

  • The above reflects the current snapshot; momentum may shift with price action around the 18.0 resistance and the 17.4–17.5 support zone.

Volume & Momentum Analysis

  • Volume context helpfully supports the trend in up moves: spikes in volume accompany prior rallies toward or beyond the 18.0 resistance and during pullbacks, volume dynamics are less pronounced on declines, hinting at underlying accumulation rather than distribution.
  • Momentum picture is balanced near term:
    • The RSI dipped into the low 40s recently, consistent with a pullback; this leaves room for a rebound if price reaffirmation occurs.
    • MACD sits around zero with a slightly negative histogram, suggesting momentum has cooled but not decisively reversed. A move above the MACD line and crossing its signal would be a constructive sign for upside continuation.

Key Buy/Sell Levels

Horizontal trendlines drawn on the charts (extended beyond the current time to anticipate near-term moves) identify key levels:

  • Resistance: approximately $18.15–$18.20
  • Immediate support: $17.40
  • Secondary (dynamic/stronger support): $17.20
  • Longer-term support: $16.75

Current price reference for buy zone assessment

  • Current price (HBAN): $17.48

Proposed buy zones (and touch status)

  1. Buy Zone A: around $17.40
  • Has it been touched? Intraday/Session levels have tested around this area; not a firm close near or above previously in the last session.
  • Distance from current price: 17.40 is about $0.08 below the current close, roughly -0.46%.
  • Rationale: Close to immediate support; aligns with the 50-day MA vicinity and prior basing area; favorable if a risk-managed entry around a local low.
  1. Buy Zone B: around $17.20
  • Has it been touched? Not clearly touched on the latest daily close; prior sessions showed dips near, but not a documented close below this exact level in the current view.
  • Distance from current price: 17.20 is about $0.28 below the current price, roughly -1.60%.
  • Rationale: Proximity to the immediate secondary support; could offer a larger risk buffer if price tests this level on a pullback.
  1. Buy Zone C: around $16.75
  • Has it been touched? This level lies below recent price action; not touched on the latest close, but aligns with longer-term support around the lower end of the recent range.
  • Distance from current price: 16.75 is about $0.73 below the current price, roughly -4.18%.
  • Rationale: A deeper pullback would bring a strong risk/reward entry near established long-run support and near longer-term trend anchors.

Trendlines (summary of drawn references)

  • Horizontal support around $17.40 (near-term)
  • Horizontal resistance around $18.15–$18.20
  • Lower support around $16.75 (longer-term anchor)

How these levels relate to the chart structure

  • The immediate support at 17.40 sits near the 50-day MA, consistent with a confluence of price and short-term trend support after the current pullback.
  • The resistance near 18.15–18.20 corresponds to recent swing highs, where selling pressure has previously re-emerged; a breakout above this zone would be a bullish cue with likely follow-through targeting higher levels.
  • The 16.75 level aligns with longer-term basing context, potentially attracting sellers if price weakens significantly, but it also serves as a potential retro-fit buying area if risk management permits and price action improves.

Entry considerations

  • If price regains and closes above 18.20 with positive volume and a bullish MACD cross, a near-term buy could be considered with a tight stop under 17.40.
  • If price pulls back toward 17.20 and shows constructive price action (bouncing off 17.20 with improving RSI/MACD), position entries could be considered in gradual increments around that zone.
  • If price breaks below 16.75 with renewed selling pressure and rising volume, the bulls may reassess and traders might shift to a tighter risk-on/risk-off stance.

Technical Outlook & Summary

  • Price action context: HBAN remains in a constructive uptrend on a weekly horizon, with a recent near-term pullback within the longer-term uptrend. A close above the 18.15–18.20 area would reinforce a continuation pattern; a break below 17.40 would shift near-term risk toward the 17.20 and 16.75 supports.
  • Volume dynamics: Volume supports the recent rally phases and is less aggressive on pullbacks, hinting at ongoing accumulation with a potential for renewed upside if price reclaims resistance zones with strength.
  • Technical signals:
    • Price trades above both 50- and 200-day moving averages, indicating underlying bullish alignment.
    • RSI around the low-to-mid 40s suggests room for improvement before overbought conditions reappear.
    • MACD is near neutral to slightly negative; a bullish cross above the signal line would be a positive momentum signal to accompany a price breakout.
  • Key buy zones and risk anchors:
    • Immediate area around 17.40 provides a low-risk entry if price stabilizes and holds.
    • A test of 17.20 offers a larger risk-adjusted opportunity with alignment to secondary support.
    • A deeper drawdown toward 16.75 would represent a significant pullback but could offer a favorable long-side setup if price re-asserts capital with volume confirmation.

Final observation

  • The setup favors a measured, bounce-backed approach around the current zone, with the 18.15–18.20 resistance as a critical hurdle for the near term. Monitored price action around 17.40 and 17.20 will be crucial for validating further upside or signaling a deeper retracement. If momentum improves (RSI rising and MACD turning positive) on a break above 18.20 with volume, the structure supports a continuation toward the prior swing highs and beyond.

If you’d like, I can adjust the buy-zone spacing, add additional minor support/resistance levels based on intraday ranges, or provide a dynamic plan with stop and target bands tied to the trendlines.

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