Verified Investing on $HON (Nov 9, 2026)
HON rose 4.07% to retest the resistance where it stopped last Wednesday, a positive sign; after rejection it tends to retest immediately. If HON consolidates at that level, further gains toward the $2446 descending trendline open up, with resistance at $240 and possibly $241 depending on when it breaks $230.
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Next, we turn to Honeywell, an aerospace engineering company that has been involved in the latest capsules of the Aremis space program. The company performed excellently today, with its stock rising by 4.07%, returning and rising again to the resistance level of $23,046, the level at which the price stopped last Wednesday.
This is a very positive sign for Honeywell. Once again, after the price rejects this level, it will immediately retest it. Bullish speculators would like to see more consolidation at this level.
If the price manages to do that, it will open the way for further gains towards the descending trend line at $2446. There will be resistance at the $240 level, but depending on when the price breaks the $230 level, it could coincide with the $241 level, and the downtrend line on the chart is expected to see another possible rise.