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An Analysis of Honeywell International Inc (HON)’s Potential Price Growth

Honeywell International Inc’s recently made public that its SrVP & Chief Financial Officer Lewis Gregory P unloaded Company’s shares for reported $4.87 million on Apr 29 ’24. In the deal valued at $193.06 per share,25,209 shares were sold. As a result of this transaction, Lewis Gregory P now holds 55,471 shares worth roughly $11.26 million.

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Then, Adamczyk Darius sold 25,500 shares, generating $5,028,345 in total proceeds. Upon selling the shares at $197.19, the Director now owns 183,400 shares.

Before that, Madden Anne T sold 25,000 shares. Honeywell International Inc shares valued at $4,851,750 were divested by the SrVP and General Counsel at a price of $194.07 per share. As a result of the transaction, Madden Anne T now holds 33,683 shares, worth roughly $6.83 million.

Deutsche Bank downgraded its Honeywell International Inc [HON] rating to a Hold from a a Buy in a research note published on April 16, 2024; the price target was decreased to $215 from $227. A number of analysts have revised their coverage, including Berenberg’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. UBS also remained covering HON and has decreased its forecast on January 04, 2023 with a “Sell” recommendation from previously “Buy” rating. Daiwa Securities revised its rating on October 31, 2022. It rated HON as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of HON

On Friday, Honeywell International Inc [NASDAQ:HON] saw its stock jump 1.14% to $202.92. Over the last five days, the stock has gained 3.63%. Honeywell International Inc shares have fallen nearly -3.24% since the year began. Nevertheless, the stocks have risen 2.83% over the past one year. While a 52-week high of $210.87 was reached on 01/02/24, a 52-week low of $174.88 was recorded on 02/01/24. SMA at 50 days reached $197.55, while 200 days put it at $194.10. A total of 2.3 million shares were traded, compared to the trading of 2.69 million shares in the previous session.

Levels Of Support And Resistance For HON Stock

The 24-hour chart illustrates a support level at 201.35, which if violated will result in even more drops to 199.78. On the upside, there is a resistance level at 203.86. A further resistance level may holdings at 204.80. The Relative Strength Index (RSI) on the 14-day chart is 65.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.36%. Stochastics %K at 91.78% indicates the stock is a selling.

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