Honeywell returns higher -Analysis - 22-04-2021

Honeywell's stock (HON) returned higher with a 1.39% profit in the last session, settling at 230.50 and tackling the current resistance of 231.20, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA, countered with negative signals from the RSI in an attempt to vent off overbought saturation.

Therefore we expect more gains for the stock, targeting the resistance of 238.55, provided the resistance of 231.20 was breached. 

Expected trend for today: Bullish