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Archive
- 11/22/2024 -
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Honeywell Int'l Inc. (HON) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Honeywell Int'l Inc. (HON). During the week, the HON climbed 0.10 points, or 0.04%, and closed at 229.10 on Friday, November 22, 2024. Weekly volume was 40% above average.
HON is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See HON long-term trend chart]
A long-term uptrend had started on October 26, 2023 at 174.88 and reached 242.80 on November 12, 2024. HON gained -67.92 points, or -38.84%, in 54 weeks. The price is now at the 20.17% retracement level.
 Medium-term trend: [See HON medium-term trend chart]
A medium-term uptrend had started on August 14, 2024 at 195.57 and reached 242.80 on November 12, 2024. HON gained -47.23 points, or -24.15%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 205.37 and resistance is at 232.74. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See HON weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 11, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See HON short-term trend chart]
A short-term uptrend had started on October 29, 2024 at 203.00 and reached 242.80 on November 12, 2024. HON gained -39.80 points, or -19.61%, in 14 days. The price is now at the 34.42% retracement level.
Daily Technical Indicators: [See HON daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 6, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The distance between the Bollinger Bands is 146.01% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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