Traditionally #WallStreet has used #fundamentalanalysis to make #investmentdecisions in #stocks like Honeywell International (NYSE: HON) but sometimes the most revealing aspect of the fundamental health of a company can be found through an observation of its price action. Price action was used to produce the raw data below for HON and it can be used as an example of how to use price action to define fundamental opportunity. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Strong | Neutral | Strong |
P1 | 0 | 0 | 220.48 |
P2 | 226.46 | 222.27 | 232.25 |
P3 | 229.83 | 227.76 | 244.20 |
Longer Term Trading Plans for HON
May 31, 2021, 4:30 am ET
HON - (Long) Support Plan
Buy over 220.48 target 232.25 stop loss @ 219.84
HON - (Short) Resistance Plan
Short under 232.25, target 220.48, stop loss @ 232.92