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Advanced TA SearchArchive
- 9/13/2024 -
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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 first positive week for the Honeywell Int'l Inc. (HON). During the week, the HON gained 6.02 points, or 3.04%, and closed at 204.15 on Friday, September 13, 2024. It was the best weekly gain since June 21, 2024. Weekly volume was -27% below average.
 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 downtrend resistance line (181.66) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.
 Medium-term trend: [See HON medium-term trend chart]
A medium-term uptrend had started on February 1, 2024 at 189.66 and reached 220.79 on July 18, 2024. HON gained -31.13 points, or -16.41%, in 24 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 189.93 and resistance is at 228.14. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, 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 below its signal line since August 2, 2024. 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 August 14, 2024 at 195.57 and reached 208.75 on August 30, 2024. HON gained -13.18 points, or -6.74%, in 16 days. The price is now at the 34.90% 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 September 10, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
A Parabolic SAR (stop and reversal) indicator (205.83) comes close to the price (204.15). It indicates that the trend is getting weaker. 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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