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Aerospace & Defense Industry Stocks Technical Analysis - HIIArchive
- 4/19/2024 -
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Huntington (HII) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Huntington (HII). During the week, the HII dropped -4.06 points, or -1.47%, and closed at 271.66 on Friday, April 19, 2024. Weekly volume was 7% 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 (203.01) 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 212.38 and resistance is at 312.86. 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 21, 2024 at 294.81 and reached 268.56 on April 18, 2024. HII lost 26.25 points, or 8.90%, in 28 days. The price is now at the 11.81% retracement level.
 Daily Technical Indicators: [See HII daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 5, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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