Honeywell tries to recoup some losses - Analysis - 26-10-2021

Honeywell's stock (HON) rose 0.06% in the last session amid attempts to recoup recent losses, 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 after reaching overbought levels.

Therefore we expect the stock to return lower, targeting the support of 207.80, provided the support of 216.70 was breached.

Expected trend for today: Bearish