HON stock: buy or sell

HON stock price: $230.49 0.06% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

HON stock brief

  • Honeywell slightly changed a 0.06% after marking all-time highs on July 22
  • Last Friday, Honeywell posted its Q2 financial report
  • With the recent gains, Honeywell is approaching to new all-time highs again, that are now just 1.61% above the current trading
  • Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide.

Should I buy Honeywell stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $HON stock a buy?

Currently, Honeywell stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $HON will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Honeywell stock?

"To sell or not to sell", if you are holding Honeywell stock?. Trading strategies prevent us from making impulsive decisions based on our sentiments or the buzz that surrounds the market. When selling, as well as buying, our strategies are very easy to use but are only valid for selling stocks in your porfolio, not for selling short $HON stock

As a rule of thumb, you should never hold a trade that yields greater losses than those expected at the time of purchase. When to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Honeywell stock?

In the current situation of Honeywell there is not any eligible sell setup, so Honeywell stock holders with operations in profit can keep their positions

Honeywell ratings

We don't have any rating posted in the last month for Honeywell

Honeywell stock analysis

$HON at new All-time Highs

Honeywell hit all-time highs (ATH) on July 22 at $234.25, and cleared the field for new highs as there are no further resistances. Previous highs were in early June

SMAs overview

HON stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $231.37 (0.38% above)
  • R2: $231.67 (0.51% above)
  • R3: $234.02 (1.53% above)
  • The current support levels are:

  • S1: $219.82 (-4.63% below)
  • S2: $216.78 (-5.95% below)
  • S3: $214.83 (-6.79% below)
  • Bollinger bands

    Since the price surpassed the upper band on July 16, the price sliced by 1.44%. The price is trading very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    HON stock Bollinger Bands chart

    Relative strength index

    The RSI crossed up the oversold line of 30 in mid-June after just being in the oversold zone for a single day (what can be considered a strength signal). The RSI value on Wednesday was 56.77. Honeywell shares exploded a 8.47% since that level was surpassed

    HON stock RSI chart

    Honeywell stock price history

    Honeywell went public priced at an adjusted price1 of $0.74 on Jan 1970. Since then, HON stock has risen by 31,047.30%, with an average of 608.77% per year. An investment of $1,000USD on the IPO would worth $311,472.97 today.

    1: Adjusted price after possible price splits or reverse-splits

    HON stock price history chart

    Price target for Honeywell stock

    Nobody can predict how much a stock will be priced in the future. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price forecasts posted by brokerage institutions in the last 30 days. Again, these predictions are not direct recommendations for individual investors and must not be followed blindly.

    In the previous 30 days we couldn't find any price target posted for Honeywell stock.

    Earnings and financials

    Honeywell International Inc. ($HON) published quarterly earnings of $2.02 per share last Friday, slightly upping the analysts consensus estimate of $1.94 per share. This Q2 report means an earnings surprise of 4.12%. On the contrary, the company said turnover for Q2 was $8.8 billion aligned with the market estimates.

    This compares to Earnings of $1.26 per share a year ago, so reported EPS is a gain of 60.32%. Looking at revenue, figures exploded a 17.80% compared to $74.8B year over year.

    HON ($HON) is hosting the quarterly earnings call next October. Forecasted for this quarter is $1.97, compared to $2.02 that was reported for Q2.

    Honeywell competitors

    Honeywell is classified inside the Specialty Industrial Machinery industry, where it has industry peers.

    Honeywell most relevant competitors are:

    Honeywell competitors
    CompanyMarket capRatingBullish ratings1
    Honeywell ($HON) $152.0B
    3M ($MMM) $112.9B Neutral 0
    General Electric ($GE) $112.8B Neutral 0
    Johnson Controls International ($JCI) $44.5B Neutral 0
    Garmin (GRMN) $24.6B Neutral 0

    1 In the last 30 days.

    Honeywell performance

    To better understand Honeywell stock performance you must compare its gains with other related stocks in same sector or industry.. For Honeywell, the benchmark is made against 3M, General Electric, Johnson Controls International and Garmin.

    HON performance compared
    Company1m3m6m
    Honeywell ($HON) 6.20% 3.50% 15.90%
    3M ($MMM) 2.40% 3.60% 14.80%
    General Electric ($GE) 0.50% -0.30% 15.30%
    Johnson Controls International ($JCI) 5.10% 12.00% 43.00%
    Garmin (GRMN) 7.90% 12.80% 34.60%

    Disclaimer:
    The comments expressed in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not know the specific conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for education motives only

    HON summary

    Wednesday, July 28th, 2021
    Open$230.07
    Close$230.49
    Day range$229.37 - $232.28
    Previous close$230.36
    Session gain0.06%
    Average true range$6.80
    50d mov avg$224.11
    100d mov avg$222.20
    200d mov avg$209.84
    Earnings dateOctober 28th, 2021

    Frequently asked questions

    What is Honeywell stock symbol?

    Honeywell International Inc. is a public company trading in the US stock market with the HON symbol

    Is Honeywell stock a buy or sell?

    Honeywell had no ratings in the last four weeks Read the article to get additional tips on trading HON stock.

    Will HON go up?

    There were no predictions posted by analysts in the last 4 weeks for Honeywell.