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How the (HON) price action is used to our Advantage

Longer Term Trading Plans for HON
  • Buy HON slightly over 196.29 target 206.42 stop loss @ 195.72 Details
  • The technical summary data tells us to buy HON near 196.29 with an upside target of 206.42. This data also tells us to set a stop loss @ 195.72 to protect against excessive loss in case the stock begins to move against the trade. 196.29 is the first level of support below 197.74 , and by rule, any test of support is a buy signal. In this case, support 196.29 is being tested, a buy signal would exist.

  • Short HON slightly under 206.42, target 196.29, stop loss @ 207.02 Details
  • The technical summary data is suggesting a short of HON as it gets near 206.42 with a downside target of 196.29. We should have a stop loss in place at 207.02though. 206.42 is the first level of resistance above 197.74, and by rule, any test of resistance is a short signal. In this case, if resistance 206.42 is being tested, a short signal would exist.

Swing Trading Plans for HON
  • Buy HON slightly over 199.6, target 202.87, Stop Loss @ 199.02 Details
  • If 199.6 begins to break higher, the technical summary data tells us to buy HON just slightly over 199.6, with an upside target of 202.87. The data also tells us to set a stop loss @ 199.02 in case the stock turns against the trade. 199.6 is the first level of resistance above 197.74, and by rule, any break above resistance is a buy signal. In this case, 199.6, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short HON slightly near 199.6, target 196.29, Stop Loss @ 200.18. Details
  • The technical summary data is suggesting a short of HON if it tests 199.6 with a downside target of 196.29. We should have a stop loss in place at 200.18 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 199.6, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HON
  • Buy HON slightly over 199.12, target 199.6, Stop Loss @ 198.66 Details
  • If 199.12 begins to break higher, the technical summary data tells us to buy HON just slightly over 199.12, with an upside target of 199.6. The data also tells us to set a stop loss @ 198.66 in case the stock turns against the trade. 199.12 is the first level of resistance above 197.74, and by rule, any break above resistance is a buy signal. In this case, 199.12, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short HON slightly near 199.12, target 196.29, Stop Loss @ 199.58. Details
  • The technical summary data is suggesting a short of HON if it tests 199.12 with a downside target of 196.29. We should have a stop loss in place at 199.58 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 199.12, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Honeywell International Inc. (HON) available here: HON.

HON Ratings for February 27:

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 0 0 186.19
P2 199.12 199.6 196.29
P3 201.62 202.87 206.42
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AI Generated Signals for HON

HON Long Term Analysis for February 27 2024

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Honeywell International Inc. (NYSE: HON) data table below can help you with price action, and we have more details too. Trading plans for HON are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.