Should You Buy Honeywell International Inc (HON) Stock on Tuesday?

Overall market sentiment has been down on Honeywell International Inc (HON) stock lately. HON receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Honeywell International Inc has a Bearish 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 is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With HON Stock Today?

Honeywell International Inc (HON) stock is trading at $201.10 as of 1:52 PM on Tuesday, Jan 25, a decline of -$3.35, or -1.64% from the previous closing price of $204.45. The stock has traded between $197.91 and $202.56 so far today. Volume today is 2,340,598 compared to average volume of 3,100,709. To see InvestorsObserver's Sentiment Score for Honeywell International Inc click here.

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.