Honeywell eyes Pentagon space contracts with CAES acquisitionHoneywell International Inc. has announced its acquisition of the defence electronics business of CAES for 1.9 billion USD, a strategic move aimed at securing a foothold in the rapidly growing sector of military space equipment. This acquisition excludes the division of CAES that handles satellite ground terminals but includes critical electromagnetic protection technology for radio frequency equipment.
This technology positions Honeywell to offer advanced communication systems for space, sea, air, and land applications, which are resistant to interference. With Honeywell's revenues nearing 37 billion USD last year, the acquisition is not just about expanding business size but strategically acquiring technology that will enable Honeywell to compete for lucrative military contracts in the coming years.
Exploring investment opportunities, let’s analyse the stock chart of Honeywell International Inc. (NASDAQ: HON) from a technical analysis perspective:
On the Daily (D1) timeframe, Honeywell's stock has recently broken the resistance level at 211.05 USD, establishing new support at 206.00 USD. While a new resistance level has yet to be confirmed, the stock is exhibiting a strong uptrend. Should a downtrend begin, a potential downside target could be at 197.50 USD.
If the uptrend persists and the stock price rebounds off the current resistance level, there could be a buying opportunity with a short-term target of 225.00 USD. For a medium-term investment strategy, should the positive momentum continue, the stock price might rise to 235.00 USD.
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Honeywell
Honeywell: Nearly There!Honeywell almost made it to the resistance at $210.61, which it should overcome as part of the current magenta wave (3). However, there is still a 32% chance that the price will pull back down into our magenta Target Zone between $188.24 and $180.93. This short-term bearish alternative scenario will be triggered if HON drops below the support at $189.66 before reaching a new high.
Honeywell: Honey's Well or Unwell? - If you are a layman with some knowledge of charts and price action, This chart looks good, Doesn't it?
- It finally broke the trendline starting in March 2021. Breaking a 2-Year Trendline
- With Bulls charging the markets, everything looks lucrative. Now that investors are getting greedy, Caution is advised.
- If you look closely, The price is taking resistance at a crucial resistance zone. See the long wicks on all the prior tests of this zone?
- Say the price breaks and sustains over it, we have another resistance waiting at a mere 5% up move.
- Will it be able to break both resistances in one go? Maybe, Maybe Not.
- Is it wise to enter now and hope that it does? Or should we wait for both resistances to be taken out and let the price sustain over it?
- I would go with the latter.
- Don't get me wrong. I like this company. I just don't like the price action at this point.
What are your thoughts? Feel free to comment. If it helped, Do Leave us a boost 🚀
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NEXT MRF - HONEYWELL AUTO ( HONAUT ) Multiple study like flag and trend line from upper price that share price is running on 38800
CHART PATTERNS HOLD
1. Trend line on monthly
2. Multiple cup & handle
3. Ready to cross us supply zone
4 Range breakout
2 Slide flag pattern brekaout
BUY honey well auto above 39000
TRG 1 - 44000
TRG 2 - 48000
TRG 3- 52000
and above 52000 that convert in jackpot trade if that not split
TRG 64000 --- 72000 ----- 88000 if everything will be going in good that share
Honeywell: Swoop 🦅For two weeks now, Honeywell stock has been heading south, losing more than 10%. It has completed the magenta wave (B) and is currently in the same colored wave (C). Even though the price has rallied a bit this week, we believe that the end of this wave is only in sight further south in our green target zone between $182.14 and $173.09 and that the price should continue to fall. At the green target zone, the overarching correction in the form of the green wave (2) will be completed, which should set the stage for very substantial gains.
Honeywell: Into the Honeypot 🍯Honeywell should push its fingers deep into the green honeypot between $194.17 and $178.41, breaking through the support at $196. There, the share should gain new strength by finishing wave 2 in green and turn upwards again. First, it should climb back above $196 and then take off from this mark, aiming for the resistance at $222.56. Once above this level, the course should gather further momentum and continue the ascent.
HON Daily Technical AnalysisA SHORT Position
Support Price: 204,26 - 206,40 - 207,84
Resistance Price:200,50 - 193,67 - 184,36 - 179,77
Daily and Hourly indicators NEGATIVE. With market stuation price can DOWN. All Market index looking like will go DOWN. So HON can be good for short position.
Its i my mind. it is not a investment mind
10/23/22 HONHoneywell International Inc. ( NASDAQ:HON )
Sector: Producer Manufacturing (Industrial Conglomerates)
Market Capitalization: 123.158B
Current Price: $182.81
Breakout price trigger: $185.85
Buy Zone (Top/Bottom Range): $182.00-$169.55
Price Target: $200.40-$203.00 (1st), $221.20-$226.00 (2nd)
Estimated Duration to Target: 161-170d (1st), 323-351d (2nd)
Contract of Interest: $HON 3/17/23 190c, $HON 1/19/24 200c
Trade price as of publish date: $8.20/contract, $17.10/contract
Honewell downgrading. HONPivot confirmed in a zigzag, going south inline with the major indices.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
More honey, Honeywell. HONA nice bounce off on the 1.272 border on the Fib Channel. This is resonantly reassuring. Looking for a move up now, supposedly X Wave.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Contracting IVR and Channel formation The start of September IVR picked up and we can see a series of red candles within that same time range. Now as IVR settles back down to its stable range then there should be less dramatic movement in the stock price.
Should price continue within the current range then being able to play with price between the two values would be a manageable trade with appropriate trade execution.
Post 10/22 Q3 FY21' Earnings Analysis$AXP, $SAM, $HCA, $RF, $HON, $SLB
All major averages finished last week in the green to post a third straight week of gains - Dow closing at an ATH - Big name earnings reports continue to drive markets
$AXP - American Express - reported Q3 FY21' earnings of $2.27/share - beat estimates by 27.5%, bottom line increased 74.6% YoY - driven by growing revenues & strong segmental performances - partly offset by increasing costs
$SAM - Boston Beer - reported Q3 FY21' earnings of $2.97/share - missing estimates of $4.04 per share - compares to earnings of $6.10 per share a year ago - this quarterly report represents an earnings surprise of (26.49%)
A quarter ago, it was expected that this brewer would post earnings of $7 per share when it actually produced earnings of $4.72 - delivering a surprise of (32.57%) - over the last four quarters the company has beat EPS estimates just once
$HCA - HCA Healthcare - reported Q3 FY21' earnings of $4.57/share - beat estimates of $4.10/share - compares to earnings of $1.92 per share a year ago - this quarterly report represents earnings surprise of 11.46%
$RF - Regions Financial - reported Q3 FY21' earnings of $0.66/share - beat estimates of $0.53/share - the bottom line compares favorably with the prior-year quarter’s $0.49 - results were driven by a strong capital position, & a rise in deposit balances provided some respite - benefit from credit losses was a tailwind - lower revenues & rising expenses were major drags
$HON - Honeywell International - earnings were $2.02/share - beat estimates of $2.01/share - bottom line soared 29.5% YoY - revenues were $8,473 million - missing the consensus estimate of $8,708M - top line increased 9% YoYr on a reported basis - rise was driven by strength in warehouse & workflow solutions, productivity solutions & services, & gas analysis businesses along with strong demand for building products as well as process solutions services and thermal solutions - also supported by a recovery in commercial aftermarket demand & solid growth in business & general aviation original equipment demand
$SLB - Schlumberger - announced Q3 FY21' earnings of $0.36/share - in line with estimates - bottom line increased significantly from the year-ago quarter’s profit of $0.16 - total revenues of $5,847M - missed estimates of $5,940M but improved 11% from the year-ago quarter’s $5,258M - earnings were aided by a surge in stimulation activity in Argentina, stronger North American rig activity along with ramped up drilling operations at offshore & onshore international resources - this was offset by lower contributions related to Digital & Integration from Europe/Africa
Honeywell Automation BreakoutThe stock has broken out and retested; therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone and the upper & lower trendline. The target is placed based on fundamentals and near swing high.
HONAUT- NSE -INDIAHONEYWELL AUTOMATION
Website- www.honeywell.com
Diversified business- Aerospace, buildings, security , healthcare etc.
Too many to mention.
Retail exposure - face mask, shoes, electronic components, air purifiers, switches, bar code scanners, safe box, home automation, security camera, usb chargers, gloves etc
Low debt, high cash reserve, future looking product line and focus on upcoming sectors- space, pollution and automation.
While technical target is 55k, its a must have bluechip in portfolio.
BUY WITHOUT FEAR
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Like and share, STEP UP YOUR GAME!!
Lockheed Martin - Great Buying Opportunity LMT is getting pressure downwards however I am bullish on the company and stock. I believe the stock is currently undervalued considering the Biden administrations policies and what it would mean for defence stocks. This price level has supported the stock price and I believe it will breakout upwards from the descending resistance line. Either way, considering the support line, it is a good reward for risk to buy the stock with a SL below the support zone.
Honeywell path and directionHello everyone
Honeywell started a uptrend channel in march
So far channel is intact and respected
Look for key notes in chart and levels
for any question feel free to ask :)
Short on open: 164.42 or higher
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Gap fill for HoneywellPossible quick profits on a short position, but the trend is generally upwards. The gap could get filled quickly followed by a return to the upside due to increased sales of surgical masks in the COVID-19 pandemic.