- Honeywell International is ranked 1115th in the Fortune 500. It is listed on NASDAQ.
- The Board of Directors approved an increase of the company’s yearly cash dividend from $4.12 to $4.32 for each share.
- Let’s analyze the HON share price and conclude with some information about Honeywell.
Fundamentals of the HON Stock
The firm’s Operating Income in 2022 was US$6.38 Billion. Its Revenue in 2022 was US$35.47 Billion, which increased from 2021. Honeywell International’s Net Income in 2022 was $4.97 Billion, which decreased from 2021.
Technical Analysis of the HON Stock
On 02 August 2021, the stock reached its all-time high which was around $226. Today the stock is down by 1.36%, which means it fell by $2.48. The HON stock is in a sideways momentum in the 1-D time frame. All in all, the stock is performing well and might have given good returns to its investors.
In the last 4 Quarters of 2023, ROE (Return On Equity) of HON was in Q1- 28.14%, Q2- 27.24%, Q3- 28.74% and Q4- 27.25%. The Market capitalization of the HON stock is $121.17 Billion. Its current market price is $180.02. It was up by 2,061%, which shows that the stock performed excellently in the past.
The continuous red candle formation indicates that prices may fall in the future. It indicates selling pressure might increase. The presence of bears will be seen more than the bulls. The chart is in the 1-D time frame.
The price may decrease by 1.18% by 11 October 2023. It confirms that the price will fall in the future. It might reach a $177.90 price level. Greed and Fear show 39 (Fear). The price changing rate was around 1.97% over the last 30 days. The stock recorded 12/30 green days in the last 30 days which is around 40%.
SMA and EMA (50,100,200)
SMA 50- $189.22 (Sell) and EMA 50- $190.16 (Sell)
SMA 100- $195.17 (Sell) and EMA 100- $193.02 (Sell)
SMA 200- $197.43 (Sell) and EMA 200- $195.11 (Sell)
Live Chart of HON
Conclusion
As per the analysis, we can say that the stock is performing extremely well. It is not suitable for the short-term duration because it will continue its bearish momentum. The analysis is done to provide technical information about the stock. It might carry its bullish momentum in the future.
In the 5-day time frame, it was down by 4.18%, and last month it was down by 2.43%. Last year, it was up by 2.85%. In 6 months, HON stock was down by 5.48%. The stock is good for investors’ portfolios as it might provide good returns to its investors in the future for long-term investment.
It is a prediction that it will continue to go down in the upcoming trading session. The indicators and expert opinions are giving confirmation.
Technical Levels
Support level- $167.84
Resistance level- $223.61
Disclaimer
This is a general article that does not provide any financial information. Investors should focus on both technical analysis as well as fundamental analysis. The analysis is done to provide information to readers. To make them aware of investments.