Honeywell bounces again: sixth week under management
Honeywell slips 0.6% as the Sell signal still isn't confirmed in its sixth week
Honeywell bounces again: sixth week under management
Our view last week
Honeywell's sell signal is in its 5th week of management, and the short is running a modest loss, at -2.77%. The week closed down 1.5%, but the stock had dropped to the 219 area before bouncing 4% off its 20-day moving average, in the 225 area. Volume is back in balance, money flow stays positive, and momentum holds the jump from recent weeks: for now, the decline isn't finding confirmation.
This week's summary
Honeywell stock bounces for the second week running off its own 20-day moving average: a touch in the 221 area, a 2% recovery, boxed in a tight range between the 225 and 226 areas in our weekly technical analysis. The Sell signal, now in its sixth week of management, still isn't confirmed, and the short sits in a modest loss. With earnings due this week, the next move could come from the print.
IQS Phase
47
ordinary
Signal Strength
8
decline losing steam
Sizing
MINIMUM
Ranking
#107 / 140
US stocks
Trade P&L %
-2.14%
from signal to today
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