Trading (HBAN) With Integrated Risk Controls
February 28, 2024, 03:34 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HBAN
- Buy HBAN slightly over 12.03 target 13.27 stop loss @ 12 Details
The technical summary data tells us to buy HBAN near 12.03 with an upside target of 13.27. This data also tells us to set a stop loss @ 12 to protect against excessive loss in case the stock begins to move against the trade. 12.03 is the first level of support below 13.02 , and by rule, any test of support is a buy signal. In this case, support 12.03 is being tested, a buy signal would exist.
- Short HBAN slightly under 13.27, target 12.03, stop loss @ 13.31 Details
The technical summary data is suggesting a short of HBAN as it gets near 13.27 with a downside target of 12.03. We should have a stop loss in place at 13.31though. 13.27 is the first level of resistance above 13.02, and by rule, any test of resistance is a short signal. In this case, if resistance 13.27 is being tested, a short signal would exist.
Swing Trading Plans for HBAN
- Buy HBAN slightly over 13.27, target n/a, Stop Loss @ 13.23 Details
If 13.27 begins to break higher, the technical summary data tells us to buy HBAN just slightly over 13.27, with an upside target of n/a. The data also tells us to set a stop loss @ 13.23 in case the stock turns against the trade. 13.27 is the first level of resistance above 13.02, and by rule, any break above resistance is a buy signal. In this case, 13.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HBAN slightly near 13.27, target 12.83, Stop Loss @ 13.31. Details
The technical summary data is suggesting a short of HBAN if it tests 13.27 with a downside target of 12.83. We should have a stop loss in place at 13.31 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for HBAN
- Buy HBAN slightly over 13.27, target n/a, Stop Loss @ 13.24 Details
If 13.27 begins to break higher, the technical summary data tells us to buy HBAN just slightly over 13.27, with an upside target of n/a. The data also tells us to set a stop loss @ 13.24 in case the stock turns against the trade. 13.27 is the first level of resistance above 13.02, and by rule, any break above resistance is a buy signal. In this case, 13.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HBAN slightly near 13.27, target 12.03, Stop Loss @ 13.3. Details
The technical summary data is suggesting a short of HBAN if it tests 13.27 with a downside target of 12.03. We should have a stop loss in place at 13.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Huntington Bancshares Incorporated (HBAN) available here: HBAN.
HBAN Ratings for February 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
10.9 |
| P2 |
13 |
12.83 |
12.03 |
| P3 |
0 |
13.17 |
13.27 |
AI Generated Signals for HBAN
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for HBAN:
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