HONEYWELL INTERNATIONAL INC (HON) Stock Technical Analysis
NASDAQ:HON • US4385161066
We assign a technical rating of 8 out of 10 to HON. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HON is only an average performer.
- The long and short term trends are both positive. This is looking good!
- HON is one of the better performing stocks in the Industrial Conglomerates industry, it outperforms 83% of 7 stocks in the same industry.
- 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 216.19 - 246.00 range, which is quite wide. It is currently trading near the high of this range.
- HON has an average volume of 4322630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, HON did better than 78% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Considerably lower volume is observed in the last couple of days.
HON has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 243.98. Right above this resistance zone may be a good entry point.
More info and screens
189.08
We found 4 important support areas.
- A support zone ranging from 236.03 to 238.19. 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 216.31 to 217.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @204.36 from a trend line in the daily time frame.
- Support @190.99 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 243.98 to 243.98. 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 | 78.62 | POSITIVE | HON has a high relative strength, it outperformed 78.62% 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) | 71.46 | OVERBOUGHT | The high RSI value suggests HON may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests HON has a negative trend. |
| Stochastics (14,3) | 86.35 | OVERBOUGHT | The high Stochastics value suggests HON may be overbought. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for HON suggests low volalility. |
| Average Directional Index/ADX (14) | 55.89 | POSITIVE | The high ADX value value for HON suggests a strong trend. |
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 |
|---|---|---|---|
| 243.99 | 238.95 | 5.04 (2.07%) | 25.00% |
| An entry @243.99. This is a Buy Stop order right above the resistance zone. | An exit @238.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.04 points, which is 2.07%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.52%. |
- The distance between exit and entry is rather small compared to the average daily movement of HON. Please evaluate whether better entry and exit points can be found.
- 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.
243.61
+0.55 (+0.23%)
HONEYWELL INTERNATIONAL INC / HON FAQ
What is the technical rating for HON stock?
ChartMill assigns a technical rating of 8 / 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 71.4589. This indicates that the stock is currently overbought.
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 238.19 and a resistance level at 243.98. Check the full technical report for our detailed analysis of HON support and resistance levels.