Honeywell (HON, $193.51) beats Q1 earnings expectations
Honeywell International Inc. reported first quarter earnings that surpassed expectations. The conglomerate narrowed the range of its full-year profit forecast.
Honeywell’s adjusted earnings for the three months ending in March came in at $1.91 per share exceeding the Street expectations of $1.86 per share.
Revenues fell -0.6% to $8.4 billion, compared to analysts' estimate of $8.3 billion tally.
Looking into the current financial year, Honeywell projects revenues range of between $35.4 billion and $36.4 billion, organic sales growth of between 4% and 7% and adjusted earnings in the region of $8.50 to $8.80 per share, narrowing from its prior forecast of $8.40 to $8.70 per share.
HON's RSI Indicator recovers from overbought zone
The 10-day RSI Indicator for HON moved out of overbought territory on May 29, 2025. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 instances where the indicator moved out of the overbought zone. In of the 35 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 13, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on HON as a result. In of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for HON turned negative on June 03, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HON declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HON advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
HON may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 275 cases where HON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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