HONEYWELL INTERNATIONAL INC (HON) Technical Analysis
NASDAQ:HON • US4385161066
Taking everything into account, HON scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HON is showing a nice and steady performance.
- 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 7 other stocks in this industry. HON outperforms 83% of them.
- 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 230.79 - 248.18 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 4319980 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 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, HON also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 235.28, a Stop Loss order could be placed below this zone.
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189.08
When analyzing the support we can see 4 important areas.
- A support zone ranging from 235.28 to 235.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @216.31 from a horizontal line in the daily time frame.
- Support @206.93 from a trend line in the daily time frame.
- Support @190.99 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 241.64 to 243.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @248.05 from a horizontal line in the daily 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 | 80.52 | POSITIVE | HON has a high relative strength, it outperformed 80.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HON is below 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) | 55.4 | NEUTRAL | The RSI value for HON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.76 | NEGATIVE | The MACD value suggests HON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.64 | NEUTRAL | The Stochastics value for HON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for HON suggests some volalility. |
| Average Directional Index/ADX (14) | 43.06 | POSITIVE | The high ADX value value for HON suggests a strong trend. |
HON Technicals: Chart, Performance Metrics, Trend & Indicators
240.61
+3.02 (+1.27%)
HONEYWELL INTERNATIONAL INC / HON FAQ
What is the technical rating for HON stock?
ChartMill assigns a technical rating of 9 / 10 to HON.
What is the trend direction for HON stock?
The current trend direction for HONEYWELL INTERNATIONAL INC (HON) is Bullish.
Can you provide the RSI signal for HONEYWELL INTERNATIONAL INC?
HONEYWELL INTERNATIONAL INC (HON) has an RSI value of 55.4022. This indicates that the stock is currently neutral.
What is the buy/sell signal for HON stock?
The buy/sell signal for HONEYWELL INTERNATIONAL INC (HON) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for HONEYWELL INTERNATIONAL INC?
HONEYWELL INTERNATIONAL INC (HON) has a support level at 235.28 and a resistance level at 241.64. Check the full technical report for our detailed analysis of HON support and resistance levels.