Charlotte, North Carolina serves as the corporate headquarters for the American multinational corporation Honeywell International Inc. Its four primary business categories are aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS).
Honeywell, a Fortune 100 company, was ranked 94th on the list in 2021. In 2022, the corporation had about 97,000 employees globally, down from 113,000 in 2019. Vimal Kapur is now the CEO, while Darius Adamczyk is the chairman.
The company’s current name, Honeywell International Inc., was created following the merger of Honeywell Inc. and AlliedSignal in 1999. The corporate offices were combined with AlliedSignal’s headquarters in Morristown, New Jersey, but the new company took on the name “Honeywell” owing to the well-known brand. Honeywell was a constituent of the Dow Jones Industrial Average index from 1999 to 2008. Prior to 1999, its company forebears were included, some of which were pioneering players in the computer and thermostat industries.
In 2020, Honeywell rejoined the Dow Jones Industrial Average index, and the following year, it shifted its stock listing from the New York Stock Exchange to the Nasdaq.
General:
The price of HON stock, which decreased during Thursday’s trading session, may increase once more on Friday, according to analysts. Analysts predicted that the price of HON stock may rise considerably higher on Friday if support is offered by Thursday’s low.
Honeywell International Inc. (NASDAQ: HON), which has its headquarters in Charlotte, North Carolina, primarily does business in four core industries: aircraft, building technologies, performance materials and technologies, and safety and productivity solutions.
On Thursday, HON stock dropped 1.17% of its market capitalisation and closed at $204.01. The volume of trades during the intraday trading session was under normal and needed to increase in favor of buyers. so that the HON stock price can increase and become stable.
Historical data:
- Market Cap (Previous Close): 138.23 B
- Price in USD (Previous Close): 207.660
- Share Volume (Previous Close): 3.08 M
- Price in USD (Last): 207.660
- 52 Week Change: 33.746
- 90-Day Moving Average: 198.192
- Beta: 0.81702599684281
- 52week High: 217.51
- 52week Low: 162.31
- 50 Day Moving Average: 199.71
- 200 Day Moving Average: 197.37
Technical Levels
Resistance Level (R3): 210.290
Resistance Level (R2): 209.040
Resistance Level (R1): 208.350
Pivot Point: 207.100
Support Level (S1): 206.410
Support Level (S2): 205.160
Support Level (S3): 204.470
In order for the price of Honeywell International Inc.’s stock, or HON, to increase after Friday’s trading session opens, it must draw buyers. HON shares, however, find it difficult to hold above the 20, 50, 100, and 200-days Daily Moving Average. The 20-EMA, however, can provide support for a comeback in the price of HON’s stock over the chart’s daily time period.
Additionally, the price of HON’s stock increased by around 0.79% in a week and 3.26% in a month. Additionally, HON stock increased 7.59% during the past three months. In a year, HON stock has recovered about 18.08%. Investors in HON shares must watch the daily time frame chart for any directional changes.
RSI: Technical indicators point to the HON stock price’s downward trajectory. The share price of HON is in a downturn, as seen by the relative strength indicator. The RSI stood at 55 and is edging closer to oversold neutrality.
MACD: The HON shares’ downward trend is shown on the MACD. For a negative crossing, the MACD line is moving in the direction of the signal line.
Forecasting Data:
52 Week High: 219.743
52 Week Low: 206.636
45-Day Moving Average: 209.532
90-Day Moving Average: 209.282Conclusion: Analysts predict that the price of HON stock, which fell during Thursday’s trading session, may rise again on Friday. In order for the share price of Honeywell International Inc., or HON, to increase after the start of Friday’s trading session, it must draw buyers. Technical indications point to the share price of HON moving south. For a negative crossing, the MACD line is moving in the direction of the signal line. Investors in HON shares must watch the daily time frame chart for any directional changes.
