What is the Market's View on Honeywell International Inc (HON) Stock's Price and Volume Trends Tuesday?

Overall market sentiment has been high on Honeywell International Inc (HON) stock lately. HON receives a Bullish rating 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 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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With HON Stock Today?

Honeywell International Inc (HON) stock is up 0.51% while the S&P 500 is lower by -0.02% as of 2:19 PM on Tuesday, Nov 28. HON has gained $0.99 from the previous closing price of $192.97 on volume of 1,186,910 shares. Over the past year the S&P 500 is up 14.77% while HON is lower by -10.11%. HON earned $8.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 24.06. To screen for more stocks like 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.