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 decreasing.
- The decline rate of the primary trend is 1.53% per annum.
- HON price at the close of January 27, 2025 was $225.71 and was higher than the top border of the primary price channel by $16.33 (7.80%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.73% per annum.
- HON price at the close of January 27, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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: November 9, 2020
End date: May 9, 2024
a = 5.2960
b = 0.0000
s = 0.0626
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -1.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0626) – 1
= 28.45%
November 9, 2020 calculations
Top border of price channel:
Exp(Y199)
= Exp(a + b × X199 + 2 × s)
= Exp(a + b × 286 + 2 × s)
= Exp(5.2960 + 0.0000 × 286 + 2 × 0.0626)
= Exp(5.4091)
= $223.44
Bottom border of price channel:
Exp(Y199)
= Exp(a + b × X199 – 2 × s)
= Exp(a + b × 286 – 2 × s)
= Exp(5.2960 + 0.0000 × 286 – 2 × 0.0626)
= Exp(5.1588)
= $173.95
May 9, 2024 calculations
Top border of price channel:
Exp(Y1,078)
= Exp(a + b × X1,078 + 2 × s)
= Exp(a + b × 1,563 + 2 × s)
= Exp(5.2960 + 0.0000 × 1,563 + 2 × 0.0626)
= Exp(5.3552)
= $211.71
Bottom border of price channel:
Exp(Y1,078)
= Exp(a + b × X1,078 – 2 × s)
= Exp(a + b × 1,563 – 2 × s)
= Exp(5.2960 + 0.0000 × 1,563 – 2 × 0.0626)
= Exp(5.1049)
= $164.82
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 1.53% per annum.
- HON price at the close of January 27, 2025 was $225.71 and was higher than the top border of the primary price channel by $16.33 (7.80%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 1, 2023
End date: January 27, 2025
a = 4.6765
b = 0.0004
s = 0.0343
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0343) – 1
= 14.70%
August 1, 2023 calculations
Top border of price channel:
Exp(Y883)
= Exp(a + b × X883 + 2 × s)
= Exp(a + b × 1,281 + 2 × s)
= Exp(4.6765 + 0.0004 × 1,281 + 2 × 0.0343)
= Exp(5.2579)
= $192.07
Bottom border of price channel:
Exp(Y883)
= Exp(a + b × X883 – 2 × s)
= Exp(a + b × 1,281 – 2 × s)
= Exp(4.6765 + 0.0004 × 1,281 – 2 × 0.0343)
= Exp(5.1207)
= $167.46
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.6765 + 0.0004 × 1,826 + 2 × 0.0343)
= Exp(5.4761)
= $238.90
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.6765 + 0.0004 × 1,826 – 2 × 0.0343)
= Exp(5.3389)
= $208.29
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.73% per annum.
- HON price at the close of January 27, 2025 was inside the secondary price channel.