Taking everything into account, HON scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. HON was also a bad performer in the overall market in the last year.
The technical rating of HON is bad and it also does not present a quality setup 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.
More info and screens
186.26
When analyzing the support we can see 2 important areas.
- Support @207.26 from a trend line in the daily time frame.
- A support zone ranging from 188.14 to 200.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 207.39 to 207.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 215.31 to 215.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @219.74 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 | 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 | 30.72 | 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) | 64.59 | NEUTRAL | The RSI value for HON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.15 | POSITIVE | The MACD value suggests HON has a positive trend. |
| Stochastics (14,3) | 77.95 | NEUTRAL | The Stochastics value for HON is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for HON suggests low volalility. |
| Average Directional Index/ADX (14) | 16.85 | NEGATIVE | The low ADX value for HON suggests a weak or negative trend. |
207.38
+2.14 (+1.04%)
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 trend direction for 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 64.5923. This indicates that the stock is currently neutral.
What is the support and resistance level for HON stock?
HONEYWELL INTERNATIONAL INC (HON) has a support level at 207.26 and a resistance level at 207.39. Check the full technical report for our detailed analysis of HON support and resistance levels.