Back

Bullish Case: HON's long-term appreciation trend and recent bullish guidance indicate growth potential. The company's diversification enhances resilience, positioning for gains.


Bearish Case: Recent underperformance, low trading volume, and imminent market saturation risks signal potential near-term price correction for HON.


Potential Outcomes:

1. Continued bullish guidance delivering +1.5% gains (60% probability).

2. Mean reversion and market saturation causing -2% losses (40% probability).


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


April 13, 2024


Honeywell International Forecast

HON        Honeywell International
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with HON



AXTA Forecast + Options Trading Strategies   [AXTA]  Axalta Coating Systems (0.86)


VCLT Forecast + Options Trading Strategies   [VCLT]  Vanguard Long-Term Corporate Bond (0.83)


MFA Forecast + Options Trading Strategies   [MFA]  MFA Financial (0.82)


VNQ Forecast + Options Trading Strategies   [VNQ]  Vanguard Real Estate Index (0.82)


EXR Forecast + Options Trading Strategies   [EXR]  Extra Space Storage (0.82)



Uncorrelated Stock Forecasts

Assets with little price relationship to HON



HRL Forecast + Options Trading Strategies   [HRL]  Hormel Foods (-0.0)


DQ Forecast + Options Trading Strategies   [DQ]  Daqo New Energy (-0.0)


OPCH Forecast + Options Trading Strategies   [OPCH]  Option Care Health Inc. - Registered Shares (0.0)


MSM Forecast + Options Trading Strategies   [MSM]  MSC Industrial Direct Co. (0.0)


INSE Forecast + Options Trading Strategies   [INSE]  Inspired Entertainment (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HON



TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.7)


UUP Forecast + Options Trading Strategies   [UUP]  Invesco DB US Dollar Index Bullish (-0.74)


DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.75)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.77)


REK Forecast + Options Trading Strategies   [REK]  ProShares Short Real Estate (-0.79)





Become a more profitable investor with AI optimized trading strategies






×

Chat with HON


 Ask me any question!