HONEYWELL INTERNATIONAL INC (HON) Stock Technical Analysis
NASDAQ:HON - Nasdaq - US4385161066 - Common Stock - Currency: USD
Taking everything into account, HON scores 8 out of 10 in our technical rating. Although HON is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
HON is part of the Industrial Conglomerates industry. There are 6 other stocks in this industry, of which 60% are performing better than HON.
The long and short term trends are both positive. This is looking good!
HON is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HON is lagging the market slightly.
In the last month HON has a been trading in the 215.82 - 230.47 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
HON has an average volume of 4340590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, HON turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, HON also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 225.81, a Stop Loss order could be placed below this zone.
More info and screens
190.92
238.37
We found 3 important support areas.
- A support zone ranging from 224.86 to 225.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @207.91 from a horizontal line in the daily time frame.
- A support zone ranging from 192.85 to 194.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 232.94 to 236.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HON is up. |
| ChartMill Relative Strength | 65.28 | NEUTRAL | HON is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.55 | NEUTRAL | The RSI value for HON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests HON has a negative trend. |
| Stochastics (14,3) | 57.86 | NEUTRAL | The Stochastics value for HON is a neutral value. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for HON suggests low volalility. |
| Average Directional Index/ADX (14) | 29.06 | POSITIVE | The high ADX value value for HON suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 230.48 | 224.85 | 5.63 (2.44%) | 25.00% |
| An entry @230.48. This is a Buy Stop order right above the 10 day high. | An exit @224.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.63 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
225.82
-0.44 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg-0.19%
1 Week-0.72%
2 Weeks0.54%
1 Month3.48%
3 Month7.81%
6 Month-0.79%
12 Month8.29%
2 Year8.83%
3 Year29.92%
5 Year56.18%
10 Year121.46%
15 Year478.58%
Volatility
ATR(14)3.17
ATR(20)%1.44%
ATR Inc14.8%
Range Today5.15
ADR(20)3.05
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.28
Mansfield0.07
10 Day High230.47
10 Day Low221.65
20 Day High230.47
20 Day Low215.82
52 Week High242.77
52 Week Low179.36
CS1 End225.81
CR1 Start232.94
Volume & EV
DER(3)-0.46%
DER(5)-0.79%
Volume2.49M
Volume Incr-27.23%
Vol(5)2.64M
Vol(50)4.34M