The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/26/2024 -
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Honeywell Int'l Inc. (HON) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaBullish Meeting Lines CandlestickPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Honeywell Int'l Inc. (HON). During the week, the HON gave back -0.81 points, or -0.42%, and closed at 193.45 on Friday, April 26, 2024. Weekly volume was 13% above average.

HON is a member of Industrials Sector. Industrials is the second 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 downtrend had started on August 2, 2021 at 236.86 and reached 166.63 on September 30, 2022. HON lost 70.23 points, or 29.65%, in 60 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 178.71 and resistance is at 204.01. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See HON medium-term trend chart]
A medium-term uptrend had started on October 26, 2023 at 174.88 and reached 210.61 on January 2, 2024. HON gained -35.73 points, or -20.43%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (202.87) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HON may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See HON weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 28, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See HON short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 206.82 and reached 189.75 on April 17, 2024. HON lost 17.07 points, or 8.25%, in 20 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See HON daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Candlestick pattern: [See HON candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.49
Williams' Percentage Range (W%R) 96.60
Strong Oversold
Lane's Stochastic (%D-Slow) 52.96
Greed/Fear Indicator (GFI) 31.95
Moving Average Converg./Diverg. (MACD) -1.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.89
Williams' Percentage Range (W%R) 96.90
Strong Oversold
Lane's Stochastic (%D-Slow) 38.09
Greed/Fear Indicator (GFI) 28.82
Moving Average Converg./Diverg. (MACD) 1.23
Trading Signals
Description Value Chart
Monthly Trendline Resistance 205.56
Yearly Trendline Resistance 204.01
Monthly Trendline Support 202.87
Upper Bollinger Band 201.39
Parabolic System 200.34
50 Day Moving Average 198.03
20 Day Moving Average 195.59
Weekly Stochastic Crossing 194.93
Daily Stochastic Crossing 194.90
Price 193.45
Lower Bollinger Band 189.62
Yearly Trendline Support 178.71
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Industrial Conglomerates 27
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 206.82
High Date 03/28/2024
Low 189.75
Low Date 04/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 210.61
High Date 01/02/2024
Low 189.66
Low Date 02/01/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 205.56
Support 202.87
Low 174.88
Low Date 10/26/2023
High 210.61
High Date 01/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 220.96
High Date 11/25/2022
Low 174.88
Low Date 10/26/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 204.01
Support 178.71
High 236.86
High Date 08/02/2021
Low 166.63
Low Date 09/30/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.