Honeywell rises amid negative pressures - Analysis - 16-12-2021

2021-12-16 10:59:39 GMT (Economies.com)
 

Honeywell's stock rose 1.49% in the last session, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, settling thereafter at  209.76. 

 

Therefore we expect the stock to return lower, targeting the first support at 202.47, provided the pivotal resistance of 211.92 holds on.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0733
0.0080
0.7510%
1.2532
-0.0030
0.2416%
22.112
0.200
0.915%
110.258
0.119
0.108%
113.54
0.12
0.11%
1867.280
10.845
0.584%
 
 
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