HONEYWELL INTERNATIONAL INC (HON) Technical Analysis
NASDAQ:HON • US4385161066
Current stock price
HON Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to HON. In the last year, HON was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- HON is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- HON is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HON is performing more or less in line with the market.
- HON has an average volume of 4107940 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 73% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- HON is an average performer in the Industrial Conglomerates industry, it outperforms 50% of 7 stocks in the same industry.
HON Weekly and Daily overview Charts
HON Setup Rating and Analysis
Although the technical rating is only medium, HON does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 226.29, a Stop Loss order could be placed below this zone.
More info and screens
HON Support and Resistance Analysis
189.08
We found 3 important support areas.
- A support zone ranging from 221.49 to 226.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 216.31 to 216.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @190.99 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @243.98 from a horizontal line in the weekly time frame.
- Resistance @248.05 from a horizontal line in the daily time frame.
HON Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for HON is neutral. |
| ChartMill Relative Strength | 73.12 | POSITIVE | HON has a high relative strength, it outperformed 73.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HON is below 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) | 49.19 | NEUTRAL | The RSI value for HON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests HON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.54 | NEUTRAL | The Stochastics value for HON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for HON suggests some volalility. |
| Average Directional Index/ADX (14) | 29.02 | POSITIVE | The high ADX value value for HON suggests a strong trend. |
HON Chart- and CandleStick Pattern Analysis
HON Technicals: Chart, Performance Metrics, Trend & Indicators
229.45
+1.25 (+0.55%)
HONEYWELL INTERNATIONAL INC / HON TA FAQ
What is the technical rating for HON stock?
ChartMill assigns a technical rating of 5 / 10 to HON.
What is the trend direction for HON stock?
The current trend direction for HONEYWELL INTERNATIONAL INC (HON) is Bullish.
What is the RSI signal for HON stock?
HONEYWELL INTERNATIONAL INC (HON) has an RSI value of 49.192. 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 -0.0821597, indicating a bearish trend.