How the (HON) price action is used to our Advantage
April 28, 2024, 01:02 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HON
- Buy HON slightly over 186.66 target 196.99 stop loss @ 186.12 Details
The technical summary data tells us to buy HON near 186.66 with an upside target of 196.99. This data also tells us to set a stop loss @ 186.12 to protect against excessive loss in case the stock begins to move against the trade. 186.66 is the first level of support below 193.45 , and by rule, any test of support is a buy signal. In this case, support 186.66 would be being tested, so a buy signal would exist.
- Short HON slightly under 196.99, target 186.66, stop loss @ 197.56 Details
The technical summary data is suggesting a short of HON as it gets near 196.99 with a downside target of 186.66. We should have a stop loss in place at 197.56though. 196.99 is the first level of resistance above 193.45, and by rule, any test of resistance is a short signal. In this case, if resistance 196.99 is being tested, so a short signal would exist.
Swing Trading Plans for HON
- Buy HON slightly over 196.03, target 196.99, Stop Loss @ 195.46 Details
If 196.03 begins to break higher, the technical summary data tells us to buy HON just slightly over 196.03, with an upside target of 196.99. The data also tells us to set a stop loss @ 195.46 in case the stock turns against the trade. 196.03 is the first level of resistance above 193.45, and by rule, any break above resistance is a buy signal. In this case, 196.03, 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 196.03, target 191.06, Stop Loss @ 196.6. Details
The technical summary data is suggesting a short of HON if it tests 196.03 with a downside target of 191.06. We should have a stop loss in place at 196.6 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, 196.03, 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 195.59, target 196.03, Stop Loss @ 195.13 Details
If 195.59 begins to break higher, the technical summary data tells us to buy HON just slightly over 195.59, with an upside target of 196.03. The data also tells us to set a stop loss @ 195.13 in case the stock turns against the trade. 195.59 is the first level of resistance above 193.45, and by rule, any break above resistance is a buy signal. In this case, 195.59, 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 195.59, target 192.35, Stop Loss @ 196.05. Details
The technical summary data is suggesting a short of HON if it tests 195.59 with a downside target of 192.35. We should have a stop loss in place at 196.05 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, 195.59, 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 April 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
186.66 |
| P2 |
192.35 |
191.06 |
196.99 |
| P3 |
195.59 |
196.03 |
207.51 |
AI Generated Signals for HON
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.
Fundamental Charts for HON:
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