(HON) Long-term investment analysis

November 30, 2024, 5:28 PM ET, BY James G. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for HON

• Buy HON near 225.62, target n/a stop loss at 224.97. Details

The technical summary data tells us to buy HON near 225.62, but there is no current upside target in the summary table. In this case, we should wait until either an update to the summary table has been made (which usually happens at the beginning of each trading day) or until the position has been stopped. The data tells us that we should set a stop loss of 224.97 to protect ourselves from excessive losses in case the stock starts moving against the trade. 225.62 is the first level of support below 232.93 and basically any test of support is a buy signal. In this case, if the support 225.62 is tested, a buy signal would be present.

• NO. Details

NO.
There are no current resistance levels from the summary table and therefore there are no short resistance plans telling us to short on resistance tests. The resistance levels have broken to the upside and if the stock does not move back down and below the support levels, short positions look risky.

Swing trading plans for HON

• Buy HON slightly above n/a, target n/a, stop loss at 0 Details

If n/a starts to break higher, the summary technicals tell us to buy HON just above n/a, with an upside target of n/a. The data also tells us to set a stop loss at 0 in case the stock turns against the trade. n/a is the first resistance level above 232.93, and basically any break above resistance is a buy signal. In this case, n/a, the initial resistance, would break out to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short HON slightly near n/a, target 231.68, stop loss at 0. Details

Technical summary data suggests a short on HON when it tests n/a, with a downside target of 231.68. However, we should have a stop loss at 0 in case the stock moves against the trade. Basically every resistance test is a short signal. In this case, if the resistance, n/a, is tested, a short circuit signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day Trading Plans for HON

• Buy HON just above 233.29, target n/a, stop loss at 232.75 Details

If 233.29 starts to break out higher, the technical summary data tells us to buy HON just above 233.29 with an upside target of $n/a. The data also tells us to set a stop loss at 232.75 in case the stock turns against the trade. 233.29 is the first resistance level above 232.93 and basically any break above resistance is a buy signal. In this case, 233.29, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short HON slightly near 233.29, target 231.68, stop loss at 233.83. Details

Technical summary data suggests a short on HON if it tests 233.29 with a downside target of 231.68. However, we should have a stop loss at 233.83 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 233.29 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Honeywell International Inc. (HON) available here: HON.

HON ratings for November 30th:

AI generated signals for HON

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Technically, Honeywell International Inc. (NYSE: HON) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for HON change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when HON tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for HON. All of this is offered below the overview table.