Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $135.00 short put and a strike $125.00 long put offers a potential 7.07% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $9.34 would be incurred if the stock dropped below the $125.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Honeywell is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Honeywell is bullish.
The RSI indicator is at 72.38 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Honeywell
See what the IHS Markit Score report has to say about Honeywell International Inc.
Tue, 22 Jan 2019 13:01:35 +0000
# Honeywell International Inc
View full report here!
* Perception of the company's creditworthiness is neutral
* ETFs holding this stock are seeing positive inflows but are weakening
* Bearish sentiment is low
* Economic output for the sector is expanding but at a slower rate
## Bearish sentiment
Short interest | Positive
Short interest is extremely low for HON with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting HON.
## Money flow
ETF/Index ownership | Negative
ETF activity is negative and may be weakening. The net inflows of $1.24 billion over the last one-month into ETFs that hold HON are among the lowest of the last year and appear to be slowing.
## Economic sentiment
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
## Credit worthiness
Credit default swap | Neutral
The current level displays a neutral indicator. HON credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.
Please send all inquiries related to the report to firstname.lastname@example.org.
Charts and report PDFs will only be available for 30 days after publishing.
This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Honeywell (HON) Gains But Lags Market: What You Should Know
Fri, 18 Jan 2019 22:45:10 +0000
Honeywell (HON) closed at $141.61 in the latest trading session, marking a +1.24% move from the prior day.
Honeywell Chosen by ZPC for Petrochemicals Project in China
Fri, 18 Jan 2019 13:19:01 +0000
Honeywell's (HON) unit, Honeywell UOP, gets selected by ZPC to provide a range of process technology for its integrated refining and petrochemical complex in Zhoushan.
Top of the List: 2019 manufacturing survey reveals lots of growth (and some steep drops)
Fri, 18 Jan 2019 12:30:00 +0000
Among the more than three dozen firms that provided data on their current employment, nearly half reported an increased number of workers on the job. By comparison, only one in six firms reported a decrease in employees.
Honeywell Technology And Controls Selected For Largest Petrochemicals Project In China
Thu, 17 Jan 2019 14:30:00 +0000
DES PLAINES, Ill., Jan. 17, 2019 /PRNewswire/ — Honeywell (HON) announced today that Zhejiang Petrochemical Co. Ltd. (ZPC) will use a range of process technology from Honeywell UOP, the world's leading licensor of refining and petrochemical process technology, for the second phase of an integrated refining and petrochemical complex in Zhoushan, Zhejiang Province. In the first phase of the project announced in 2017, ZPC selected Honeywell UOP technologies for hydroprocessing and heavy oil upgrading, and to make aromatics for plastic resins, films and fibers that are the basis for millions of products. For this second phase of the project, Honeywell UOP will supply a wide range of technology licenses, engineering design, key equipment, and state-of-the-art catalysts and adsorbents, more than doubling the plant's aromatics capacity.
Also on Market Tamer…
Follow Us on Facebook