Honeywell International Inc (HON)
Honeywell International Inc. is an American publicly traded, multinational conglomerate headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS).
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 15.58% per annum.
- HON price at the close of June 27, 2025 was $228.85 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 237.47% per annum.
- HON price at the close of June 27, 2025 was lower than the bottom border of the secondary price channel by $11.43 (4.76%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of HON price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: July 28, 2023
End date: February 5, 2025
a = 4.7331
b = 0.0004
s = 0.0341
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0341) – 1
= 14.61%
July 28, 2023 calculations
Top border of price channel:
Exp(Y774)
= Exp(a + b × X774 + 2 × s)
= Exp(a + b × 1,123 + 2 × s)
= Exp(4.7331 + 0.0004 × 1,123 + 2 × 0.0341)
= Exp(5.2467)
= $189.94
Bottom border of price channel:
Exp(Y774)
= Exp(a + b × X774 – 2 × s)
= Exp(a + b × 1,123 – 2 × s)
= Exp(4.7331 + 0.0004 × 1,123 – 2 × 0.0341)
= Exp(5.1104)
= $165.74
February 5, 2025 calculations
Top border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 + 2 × s)
= Exp(a + b × 1,681 + 2 × s)
= Exp(4.7331 + 0.0004 × 1,681 + 2 × 0.0341)
= Exp(5.4681)
= $237.00
Bottom border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 – 2 × s)
= Exp(a + b × 1,681 – 2 × s)
= Exp(4.7331 + 0.0004 × 1,681 – 2 × 0.0341)
= Exp(5.3317)
= $206.80
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 15.58% per annum.
- HON price at the close of June 27, 2025 was $228.85 and was inside the primary price channel.
Secondary Trend
Start date: April 4, 2025
End date: June 6, 2025
a = -0.5541
b = 0.0033
s = 0.0195
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0033) – 1
= 237.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0195) – 1
= 8.11%
April 4, 2025 calculations
Top border of price channel:
Exp(Y1,197)
= Exp(a + b × X1,197 + 2 × s)
= Exp(a + b × 1,739 + 2 × s)
= Exp(-0.5541 + 0.0033 × 1,739 + 2 × 0.0195)
= Exp(5.2799)
= $196.35
Bottom border of price channel:
Exp(Y1,197)
= Exp(a + b × X1,197 – 2 × s)
= Exp(a + b × 1,739 – 2 × s)
= Exp(-0.5541 + 0.0033 × 1,739 – 2 × 0.0195)
= Exp(5.2019)
= $181.61
June 6, 2025 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,802 + 2 × s)
= Exp(-0.5541 + 0.0033 × 1,802 + 2 × 0.0195)
= Exp(5.4898)
= $242.22
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,802 – 2 × s)
= Exp(-0.5541 + 0.0033 × 1,802 – 2 × 0.0195)
= Exp(5.4118)
= $224.04
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 237.47% per annum.
- HON price at the close of June 27, 2025 was lower than the bottom border of the secondary price channel by $11.43 (4.76%). This indicates a possible reversal in the secondary trend direction.