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- 1 Honeywell International Inc (NASDAQ: HON), HON stock price may revert the downward trend on Friday.
- 2 HON shares got dumped in Thursday’s trading session, underperforming the market.
- 3 Honeywell International Inc. (HON) is an American publicly traded, multinational conglomerate corporation.
HON stock price got dropped on Thursday’s trading session but may bounce back on Friday’s trading session, says analysts. Analysts added if HON share price gets support from Thursday’s low then it may revert even stronger on Friday.
Honeywell International Inc. (NASDAQ: HON) is headquartered in Charlotte, North Carolina and Honeywell primarily operates in four major areas of business: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.
HON stock price was at $204.01 and has lost 1.17% of its market capitalization during Thursday’s trading session. Trading volume was below average and needs to grow in favor of buyers during the intraday trading session. So that HON stock price can get up and acquire stability.
Will HON Stock Price Sustain Near $210 This Time?
Honeywell International Inc or HON stock price needs to attract buyers to surge from the opening of Friday’s trading session. Meanwhile, HON shares struggle to remain above 20, 50, 100 and 200-days Daily Moving Average. However, HON share price may get support from the 20-EMA for a rebound over the daily time frame chart.
Moreover, HON share price has recovered around 0.79% in a week and 3.26% in a month. Also HON shares got up 7.59% in the last three months. HON stock has recovered around 18.08% in a year.
Investors in HON shares need to wait for any directional change over the daily time frame chart.
Technical indicators suggest the downward momentum of HON stock price. Relative strength index showcases the downtrend momentum of HON share price. RSI was at 55 and is moving towards neutrality to be oversold.
MACD exhibits the downside trend of HON shares. The MACD line is moving towards the signal line for a negative crossover.
Summary
HON stock price got dropped on Thursday’s trading session but may bounce back on Friday’s trading session, says analysts. Honeywell International Inc or HON share price needs to attract buyers to surge from the opening of Friday’s trading session. Technical indicators suggest the downward momentum of HON share price. The MACD line is moving towards the signal line for a negative crossover. Investors in HON shares need to wait for any directional change over the daily time frame chart.
Technical Levels
Support Levels: $202 and $200
Resistance Levels: $205 and $208
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
