Want to know the current price of Honeywell International and what’s next for HON stock? On this page, we share the latest news about Honeywell International and give advice on buying shares. You can also view the latest Honeywell International Forecast for 2022 and 2023 from our experts.
Should you buy or sell Honeywell International shares today? To what levels can the shares of this company rise in a year, two, three? How much will Honeywell International stocks cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for HON stock, both up and down.
Honeywell International Forecast for 2022 and 2023
Quotes of Honeywell International continue to move within the growth and bullish channel. Moving averages indicate a short-term bullish trend for HON stock. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of securities and a likely continuation of the rise in the near future. At the time of publication of the forecast, the cost of shares of Honeywell International is 229.80 per share. As part of the forecast, we should expect an attempt to develop a fall and test the support level near the area of 195.05. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 305.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Honeywell International quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel, and here is an important support area. Cancellation of the option of raising the quotes of the value of the shares of HON will be a fall and a breakdown of the level of 185.05. This will indicate a breakdown of the support area, in which case we can consider a continuation of the decline in securities to the area at the level of 120.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 240.55, as we see, while this level cannot be taken by buyers.
Honeywell International Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 195.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 305.05. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the HON rise option will be a fall and a breakdown of the level of 185.05. This will indicate a breakdown of the lower border of the bullish channel and a continuation of the fall in value to the area below the level of 120.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
