Honeywell price leans on SMA support - Forecast today - 26-03-2024

Honeywell International’s stock price (HON) fell in the intraday levels while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI, thus leaning on the support of the 50-day SMA, while also leaning on the upward correctional short-term trend line. 

Therefore we expect the stock to return  higher, targeting the important resistance of 210.60, provided the support of 196.00 holds on.

Trend forecast: Likely Bullish