Honeywell rises through negative pressures - Analysis - 31-03-2020

Honeywell's stock rose 0.37% in the last session amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI on track to form some negative divergence after hitting overbought levels. 

Therefore we expect the stock to return lower, targeting the first support at 123.48. 

Expected trend for today: Bearish