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Aerospace & Defense Industry Stocks Technical Analysis - HIIArchive
- 4/26/2024 -
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Huntington (HII) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the Huntington (HII). During the week, the HII gained 5.31 points, or 1.95%, and closed at 276.97 on Friday, April 26, 2024. It was the best weekly gain since February 16, 2024. Weekly volume was 18% above average.
HII is a member of Industrials Sector. Industrials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See HII long-term trend chart]
A long-term uptrend had started on November 30, 2021 at 175.50 and reached 299.50 on March 5, 2024. HII gained -124.00 points, or -70.66%, in 118 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (203.24) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See HII medium-term trend chart]
A medium-term uptrend had started on May 4, 2023 at 188.51 and reached 299.50 on March 5, 2024. HII gained -110.99 points, or -58.88%, in 43 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 212.88 and resistance is at 314.95. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See HII weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. Use the following link to access a MACD help.
 Short-term trend: [See HII short-term trend chart]
A short-term downtrend had started on March 5, 2024 at 299.50 and reached 268.56 on April 18, 2024. HII lost 30.94 points, or 10.33%, in 44 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 264.35 and resistance is at 285.04. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See HII daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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