Honeywell, sell signal week 2
Honeywell stock rebounds 0.7% but lower highs persist
Our view last week
Honeywell stock drops 7.7% this week and flips the picture: the buy signal that had held for three weeks gives way to a fresh sell signal, ranking first among the 93 US sell signals in our model. The decline is healthy — lower lows, pace holding — with buyers almost absent in the latest session. Honeywell shares remain 14% below their all-time highs, a level already tested multiple times: technical analysis worth following closely.
This week's summary
Honeywell stock closed the week almost flat, up 0.7%, but the sequence of lower highs on the daily chart — from the 251 area to the 221 area — stays intact, and the price still trades below the 50-week average. The Sell signal is in its second week, and the confirmation week is still open: signal strength drops to 47 out of 100, more an isolated dip than a decline in full swing. Weekly technical analysis of the stock, 22nd among 96 US sell signals.
IQS Phase
74
in tension
Signal Strength
47
isolated weekly drop
Sizing
REDUCED
Ranking
#22 / 96
US stocks sell signals
Trade P&L %
-0.71%
from signal to date, no stop loss
Rank position
ranks 22nd among the 96 sell signals for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -1.73% · monthly +0.27%
HON belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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