Huntington Bancshares Incorporated (HBAN)
Huntington Bancshares Incorporated is a bank holding company headquartered in Columbus, Ohio.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.66% per annum.
- HBAN price at the close of July 26, 2024 was $15.13 and was higher than the top border of the primary price channel by $3.16 (26.37%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.53% per annum.
- HBAN price at the close of July 26, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of HBAN price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: February 9, 2021
End date: December 12, 2023
a = 2.8032
b = -0.0003
s = 0.0935
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0935) – 1
= 45.35%
February 9, 2021 calculations
Top border of price channel:
Exp(Y387)
= Exp(a + b × X387 + 2 × s)
= Exp(a + b × 561 + 2 × s)
= Exp(2.8032 + -0.0003 × 561 + 2 × 0.0935)
= Exp(2.8340)
= $17.01
Bottom border of price channel:
Exp(Y387)
= Exp(a + b × X387 – 2 × s)
= Exp(a + b × 561 – 2 × s)
= Exp(2.8032 + -0.0003 × 561 – 2 × 0.0935)
= Exp(2.4601)
= $11.71
December 12, 2023 calculations
Top border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 + 2 × s)
= Exp(a + b × 1,597 + 2 × s)
= Exp(2.8032 + -0.0003 × 1,597 + 2 × 0.0935)
= Exp(2.5458)
= $12.75
Bottom border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 – 2 × s)
= Exp(a + b × 1,597 – 2 × s)
= Exp(2.8032 + -0.0003 × 1,597 – 2 × 0.0935)
= Exp(2.1718)
= $8.77
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.66% per annum.
- HBAN price at the close of July 26, 2024 was $15.13 and was higher than the top border of the primary price channel by $3.16 (26.37%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 25, 2023
End date: July 26, 2024
a = 1.0530
b = 0.0009
s = 0.0693
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0693) – 1
= 31.94%
April 25, 2023 calculations
Top border of price channel:
Exp(Y942)
= Exp(a + b × X942 + 2 × s)
= Exp(a + b × 1,366 + 2 × s)
= Exp(1.0530 + 0.0009 × 1,366 + 2 × 0.0693)
= Exp(2.3842)
= $10.85
Bottom border of price channel:
Exp(Y942)
= Exp(a + b × X942 – 2 × s)
= Exp(a + b × 1,366 – 2 × s)
= Exp(1.0530 + 0.0009 × 1,366 – 2 × 0.0693)
= Exp(2.1070)
= $8.22
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(1.0530 + 0.0009 × 1,824 + 2 × 0.0693)
= Exp(2.7841)
= $16.19
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.0530 + 0.0009 × 1,824 – 2 × 0.0693)
= Exp(2.5069)
= $12.27
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.53% per annum.
- HBAN price at the close of July 26, 2024 was inside the secondary price channel.