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When the Price of Honeywell International $HON Talks, People Listen

March 04, 2023, 12:45 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HON

Buy HON slightly over 189.54 target 205.30 stop loss @ 188.99 Details

The technical summary data tells us to buy HON near 189.54 with an upside target of 205.30. This data also tells us to set a stop loss @ 188.99 to protect against excessive loss in case the stock begins to move against the trade. 189.54 is the first level of support below 196.82 , and by rule, any test of support is a buy signal. In this case, support 189.54 would be being tested, so a buy signal would exist.

Short HON slightly under 205.30, target 189.54, stop loss @ 205.89 Details

The technical summary data is suggesting a short of HON as it gets near 205.30 with a downside target of 189.54. We should have a stop loss in place at 205.89though. 205.30 is the first level of resistance above 196.82, and by rule, any test of resistance is a short signal. In this case, if resistance 205.30 is being tested, so a short signal would exist.

Swing Trading Plans for HON

Buy HON slightly over 205.30, target 220.80, Stop Loss @ 204.71 Details

If 205.30 begins to break higher, the technical summary data tells us to buy HON just slightly over 205.30, with an upside target of 220.80. The data also tells us to set a stop loss @ 204.71 in case the stock turns against the trade. 205.30 is the first level of resistance above 196.82, and by rule, any break above resistance is a buy signal. In this case, 205.30, 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 205.30, target 192.65, Stop Loss @ 205.89. Details

The technical summary data is suggesting a short of HON if it tests 205.30 with a downside target of 192.65. We should have a stop loss in place at 205.89 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, 205.30, 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 205.30, target 220.80, Stop Loss @ 204.82 Details

If 205.30 begins to break higher, the technical summary data tells us to buy HON just slightly over 205.30, with an upside target of 220.80. The data also tells us to set a stop loss @ 204.82 in case the stock turns against the trade. 205.30 is the first level of resistance above 196.82, and by rule, any break above resistance is a buy signal. In this case, 205.30, 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 205.30, target 194.16, Stop Loss @ 205.78. Details

The technical summary data is suggesting a short of HON if it tests 205.30 with a downside target of 194.16. We should have a stop loss in place at 205.78 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, 205.30, 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 (HON) available here: HON.

HON Ratings for March 04:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	189.54
P2	191.59	188.45	205.30
P3	194.16	192.65	220.80

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AI Generated Signals for HON

Blue = Current Price
Red= Resistance
Green = Support

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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Honeywell International (NYSE: HON) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for HON can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.

Fundamental Charts for HON: