Stocks

Honeywell tumbles - Analysis - 18-07-2019

2019-07-18 12:33:21 GMT (Economies.com)

Honeywell's stock skidded in the last session, piercing the upside medium-term trend line and trespassing the support of the 50-day SMA, doubling pressures, especially amid negative signals from the RSI, thus commencing a downward wave in the short term. 

 

Therefore we expect more losses for the stock, especially if the support of 167.76 was breached, targeting the next one at 162.66. 

 

Expected trend for today: Bearish   

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.