Is Honeywell International Inc (HON) a Stock to Watch After Gaining 1.22% This Week?

The market has been high on Honeywell International Inc (HON) stock recently. HON gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Honeywell International Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HON!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With HON Stock Today?

Honeywell International Inc (HON) stock is trading at $225.52 as of 2:45 PM on Wednesday, Nov 10, a decline of -$1.13, or -0.5% from the previous closing price of $226.77. The stock has traded between $225.40 and $227.91 so far today. Volume today is less active than usual. So far 652,641 shares have traded compared to average volume of 2,061,012 shares.

More About Honeywell International Inc

Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. The firm operates through four business segments, including aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spins of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure. Click Here to get the full Stock Report for Honeywell International Inc stock.