AI HON Forecast + Trading Strategies


Price Forecast:


Bearish<->Bullish


Bullish Case: Honeywell's continued focus on automation and defense sectors amidst high demand and strategic acquisitions has positioned it strongly for future growth. Low implied volatility indicates market confidence, suggesting potential upside in stock performance.


Bearish Case: Ongoing market saturation and integration risks threaten Honeywell's revenue growth. Recent flat price action and elevated market uncertainty reflect cautious sentiment from investors, raising concerns about potential downside.


Potential Outcomes:

1. Honeywell beats earnings estimates (60% chance) due to strong contract wins.

2. Integration challenges impact future growth (30% chance).

3. Market reassessment leads to price correction (10% chance) as concerns grow about demand sustainability.


Trading Oracle: Sign Up to access trading oracle trade ideas.


September 28, 2024


Honeywell International Forecast

HON      Honeywell International











Correlated Assets

Assets that tend to move strongly with HON



HPQ Forecast + Options Trading Strategies   HPQ  HP (0.86)


OLED Forecast + Options Trading Strategies   OLED  Universal Display (0.83)


IREN Forecast + Options Trading Strategies   IREN  IREN (0.82)


HUT Forecast + Options Trading Strategies   HUT  Hut 8 Mining (0.81)


EXR Forecast + Options Trading Strategies   EXR  Extra Space Storage (0.81)



Uncorrelated Assets

Assets with little price relationship to HON



ON Forecast + Options Trading Strategies   ON  ON Semiconductor (-0.0)


WSC Forecast + Options Trading Strategies   WSC  WillScot Mobile Mini (0.0)


OPEN Forecast + Options Trading Strategies   OPEN  Opendoor (-0.0)


CGC Forecast + Options Trading Strategies   CGC  Canopy Growth (0.01)


TRIP Forecast + Options Trading Strategies   TRIP  TripAdvisor (0.01)



Anticorrelated Assets

Assets that tend to move strongly against HON



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.72)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.72)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.73)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.73)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.74)


HON News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






Become a more profitable investor with AI optimized trading strategies






×

Chat with HON


 Ask any question about HON!