HON Price Prediction Next Week
Based on the provided data and recent market analysis, here is the prediction for HON's stock price for the next trading week:
Technical Analysis
- Current RSI (14) at 45.54 indicates a neutral position, slightly leaning towards oversold territory
- 20-day SMA at $223.66 and 200-day SMA at $210.30 shows an overall upward trend
- MACD at -0.94 suggests short-term bearish momentum
News Sentiment Analysis
- Honeywell is planning to separate into two companies - one focused on aerospace and another on automation
- The company has faced several earnings disappointments recently, raising concerns about near-term performance
- Received high rating (87%) from Validea's Multi-Factor Investor model, indicating strong fundamentals in the Aerospace & Defense sector
Price Target Prediction Based on Fibonacci levels:
- Support levels: S1: $216.23, S2: $212.84, S3: $207.35
- Resistance levels: R1: $227.21, R2: $230.60, R3: $236.09
- Pivot point: $221.72
Trading Recommendation SELL with the following rationale:
- Multiple earnings disappointments indicate potential weakness in upcoming quarters
- Current price near resistance levels with bearish MACD signal
- Company restructuring may create short-term volatility
- Negative momentum indicated by technical indicators
Price targets for next week:
- Bearish scenario (60% probability): $216-218 range
- Neutral scenario (30% probability): $220-222 range
- Bullish scenario (10% probability): $225-227 range
Primary target: $217.50
HON Similar Chart Price Prediction
The price of HON is predicted to go up -5.11%, based on the high correlation periods with XENE. The similarity of these two price pattern on the periods is 93.94%.
HON
XENE
Down: -5.11%Similarity: 93.94%
HON Revenue Forecast
HON EPS Forecast
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HON VS S&P500
Honeywell is making several organic bets in mission-critical end markets that should yield very strong internal rates of return over the long term, including in quantum computing and building automation.
Honeywell has one of the strongest balance sheets in the multi-industry universe, and it has a history of underpromising and overdelivering on its targets.
Safety and productivity solutions seeing a meaningful drop in sales will meaningfully help margins because of positive mix and allow SPS to eventually hit 20% operating margins.
HON Analyst's Forecast
Julian Mitchell
Barclays
Buy
Price Target
$255 → $260
Upside
+16.81%
Barclays raised the firm's price target on Honeywell to $260 from $255 and keeps an Overweight rating on the shares. The firm thinks investor concerns over the Aerospace business may be overdone. While "spin limbo" is a real risk, there is likely to be considerable "action" at Honeywell prior to any aerospace spin, the analyst tells investors in a research note.
Stephen Tusa
JP Morgan
Hold
Price Target
$233 → $231
Upside
+5.22%
Andrew Kaplowitz
Citigroup
Strong Buy
Price Target
$268 → $266
Upside
+21.41%