HONEYWELL INTERNATIONAL INC (HON) Stock Technical Analysis
NASDAQ:HON - Nasdaq - US4385161066 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to HON. 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.
Both the short term and long term trends are positive. This is a very positive sign.
HON is part of the Industrial Conglomerates industry. There are 150 other stocks in this industry. HON outperforms 97% of them.
HON is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month HON has a been trading in the 220.20 - 241.30 range, which is quite wide. It is currently trading near the high of this range.
HON has an average volume of 3709120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that HON is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HON has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
191.48
242.80
3 important support areas can be observed.
- A support zone ranging from 226.29 to 229.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 221.27 to 222.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 193.41 to 194.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | 71.42 | POSITIVE | HON has a high relative strength, it outperformed 71.42% off all stocks 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) | 74.99 | OVERBOUGHT | The high RSI value suggests HON may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.43 | POSITIVE | The MACD value suggests HON has a positive trend. |
| Stochastics (14,3) | 96.32 | OVERBOUGHT | The high Stochastics value suggests HON may be overbought. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for HON suggests low volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for HON suggests a possible start of a new 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)
240.4
+1.14 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg0.48%
1 Week6.19%
2 Weeks8.35%
1 Month5.69%
3 Month25.87%
6 Month6.13%
12 Month13.27%
2 Year23.83%
3 Year24.91%
5 Year60.94%
10 Year128.84%
15 Year460.9%
Volatility
ATR(14)3.43
ATR(20)%1.37%
ATR Inc-21.73%
Range Today1.91
ADR(20)3.18
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.42
Mansfield0.33
10 Day High241.3
10 Day Low220.2
20 Day High241.3
20 Day Low220.2
52 Week High242.77
52 Week Low179.36
CS1 End225.37
CR1 Start232.94
Volume & EV
DER(3)-0.21%
DER(5)-0.12%
Volume1.90M
Volume Incr14.51%
Vol(5)3.80M
Vol(50)3.71M