Honeywell drops 7.7%: fresh sell signal
Honeywell stock drops 7.7%, flipping from a buy to a fresh sell signal
Our view last week
Honeywell stock drops 5% this week and pulls back to its 20-day moving average, the exact level our model had flagged as the trigger for a pullback entry. On the daily chart the stock had already bounced 2% off its 50-day moving average, around the 233 area. Honeywell shares remain close to their all-time highs, though — technical analysis worth following as the buy signal, open for three weeks now, holds with a thinner margin.
This week's summary
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.
IQS Phase
87
in tension / maturity
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#1 / 93
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 1st among the 93 sell signals for US stocks in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -3.36% · monthly +0.78%
HON belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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