HON Tests $223 Resistance as Investors Eye Q4 Report
$Honeywell(HON)$
Honeywell (HON) Tests $223 Resistance: Earnings Loom as Key Pivot
📊 Latest Close Data
As of 01/26/2026 (ET), HON closed at $221.46, down -0.49% (-$1.08). The stock is trading -8.4% below its 52-week high of $241.72.
💡 Core Market Drivers
Investor focus is intensely on the upcoming Q4 earnings report (scheduled for 01/29).
Recent news includes the resolution of the $470M Flexjet legal dispute, removing a major overhang, and a bullish target price hike from JPMorgan to $255.
The company's "physical AI" initiatives and continued investment in China signal long-term growth strategies.
📈 Technical Analysis
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Volume was light at 3.82M shares (Volume Ratio 0.59), indicating consolidation before earnings.
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The MACD remains bullish with DIF (6.30) above DEA (4.68), though the histogram is narrowing.
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The RSI (6-day: 73.6, 12-day: 72.0) suggests the stock is in a strong uptrend but approaching overbought territory, warranting caution for new entries.
🎯 Key Price Levels
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Immediate Pivot: $221.56 (Recent Resistance). A decisive break above is needed for a new leg up.
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Primary Support: $209.26. A key level that has held during recent pullbacks.
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Strong Resistance: $233.34 (Average Analyst Target). The next major hurdle.
💰 Valuation Perspective
Forward P/E stands at 21.06x, slightly above its historical average of 20.84x, but justified by its robust ROE of 34.62% and stable dividend yield of 2.07%.
🎯 Analyst Targets
Sentiment is bullish. 24 analysts have an average price target of $233.34, with a high of $266. Recommendations are heavily skewed positive: 3 Strong Buy, 15 Buy, 11 Hold, 1 Underperform.
🔮 Weekly Outlook
Expect consolidation between $209 - $223 ahead of earnings. A positive earnings surprise with strong 2026 guidance could propel the stock toward the $233-$240 resistance zone. A miss could see a retest of the $209 support.
⚠️ Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Investing involves risk, including potential loss of principal. Past performance does not guarantee future results. Always conduct your own research and consider your financial situation before trading.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
