HONEYWELL INTERNATIONAL INC (HON) Stock Technical Analysis
USA - NASDAQ:HON - US4385161066 - Common Stock
Taking everything into account, HON scores 3 out of 10 in our technical rating. In the past year, HON was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
HON has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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189.07
4 important support areas can be observed.
- A support zone ranging from 208.37 to 214.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 202.01 to 202.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @194.84 from a horizontal line in the weekly time frame.
- Support @190.98 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @219.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 240.41 to 240.41. 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 | NEUTRAL | NEUTRAL | The long term trend for HON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HON is up. |
| ChartMill Relative Strength | 34.5 | 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) | DOWN | MIXED | The current price of HON is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.67 | NEUTRAL | The RSI value for HON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.67 | POSITIVE | The MACD value suggests HON has a positive trend. |
| Stochastics (14,3) | 76.28 | NEUTRAL | The Stochastics value for HON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for HON suggests some volalility. |
| Average Directional Index/ADX (14) | 32.43 | POSITIVE | The high ADX value value for HON suggests a strong trend. |
215.07
-1.07 (-0.5%)
HONEYWELL INTERNATIONAL INC / HON FAQ
What is the technical rating for HON stock?
ChartMill assigns a technical rating of 3 / 10 to HON.
What is the current trend direction of HONEYWELL INTERNATIONAL INC (HON) stock?
The current trend direction for HONEYWELL INTERNATIONAL INC (HON) is Bearish.
Can you provide the RSI signal for HONEYWELL INTERNATIONAL INC?
HONEYWELL INTERNATIONAL INC (HON) has an RSI value of 56.674. This indicates that the stock is currently neutral.
What is the MACD signal for HON stock?
The MACD indicator for HONEYWELL INTERNATIONAL INC (HON) has a value of 1.66542, indicating a bullish trend.