Technical Analysis:
HON's stock has shown bearish momentum in recent trading sessions, with the price declining from $205.70 (5-day SMA) to current level around $193.99. The RSI-14 at 29.25 indicates oversold conditions, suggesting a potential bounce, but the downward trend remains strong.
Price Targets for Next Week:
Based on Fibonacci levels and current technical setup:
- Resistance: $203.59 (Fibonacci S1)
- Support: $197.89 (Fibonacci S2)
Key Technical Indicators:
- MACD (-5.14) showing strong bearish momentum
- Stochastic RSI (7.86) deeply oversold
- Price trading below all major SMAs (5,10,20,60-day), indicating strong downtrend
Recent News Impact:
- Deutsche Bank upgraded HON to Buy with a price target of $260
- Barclays maintained Buy rating with $260 price target
- Q4 earnings beat expectations with $2.47 EPS vs $2.32 estimated
- However, 2025 guidance was cautious, causing recent price weakness
Price Prediction for Next Week:
Based on technical analysis and recent news:
- Most Likely Scenario (60% probability): Price consolidation between $197-$204
- Bearish Scenario (25% probability): Break below $197.89 could lead to $192.44 (Lower Bollinger Band)
- Bullish Scenario (15% probability): Recovery above $203.59 could target $212.82 (Fibonacci Pivot)
Trading Recommendation: SELL
- Current technical setup remains bearish
- Wait for price to stabilize above $203.59 before considering long positions
- Set stop-loss at $192.44 if holding existing positions
Technical Analysis:
HON's stock has shown bearish momentum in recent trading sessions, with the price declining from $205.70 (5-day SMA) to current level around $193.99. The RSI-14 at 29.25 indicates oversold conditions, suggesting a potential bounce, but the downward trend remains strong.
Price Targets for Next Week:
Based on Fibonacci levels and current technical setup:
- Resistance: $203.59 (Fibonacci S1)
- Support: $197.89 (Fibonacci S2)
Key Technical Indicators:
- MACD (-5.14) showing strong bearish momentum
- Stochastic RSI (7.86) deeply oversold
- Price trading below all major SMAs (5,10,20,60-day), indicating strong downtrend
Recent News Impact:
- Deutsche Bank upgraded HON to Buy with a price target of $260
- Barclays maintained Buy rating with $260 price target
- Q4 earnings beat expectations with $2.47 EPS vs $2.32 estimated
- However, 2025 guidance was cautious, causing recent price weakness
Price Prediction for Next Week:
Based on technical analysis and recent news:
- Most Likely Scenario (60% probability): Price consolidation between $197-$204
- Bearish Scenario (25% probability): Break below $197.89 could lead to $192.44 (Lower Bollinger Band)
- Bullish Scenario (15% probability): Recovery above $203.59 could target $212.82 (Fibonacci Pivot)
Trading Recommendation: SELL
- Current technical setup remains bearish
- Wait for price to stabilize above $203.59 before considering long positions
- Set stop-loss at $192.44 if holding existing positions