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 29.64% per annum.
- HON price at the close of April 28, 2025 was $200.66 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 127.06% per annum.
- HON price at the close of April 28, 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 12, 2024
End date: April 28, 2025
a = 7.0493
b = -0.0010
s = 0.0260
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -29.64%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0260) – 1
= 10.94%
November 12, 2024 calculations
Top border of price channel:
Exp(Y1,143)
= Exp(a + b × X1,143 + 2 × s)
= Exp(a + b × 1,658 + 2 × s)
= Exp(7.0493 + -0.0010 × 1,658 + 2 × 0.0260)
= Exp(5.5040)
= $245.68
Bottom border of price channel:
Exp(Y1,143)
= Exp(a + b × X1,143 – 2 × s)
= Exp(a + b × 1,658 – 2 × s)
= Exp(7.0493 + -0.0010 × 1,658 – 2 × 0.0260)
= Exp(5.4002)
= $221.45
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(7.0493 + -0.0010 × 1,825 + 2 × 0.0260)
= Exp(5.3431)
= $209.17
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.0493 + -0.0010 × 1,825 – 2 × 0.0260)
= Exp(5.2393)
= $188.54
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 29.64% per annum.
- HON price at the close of April 28, 2025 was $200.66 and was inside the primary price channel.
Secondary Trend
Start date: April 4, 2025
End date: April 28, 2025
a = 1.2034
b = 0.0022
s = 0.0215
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0022) – 1
= 127.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0215) – 1
= 8.99%
April 4, 2025 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,801 + 2 × s)
= Exp(1.2034 + 0.0022 × 1,801 + 2 × 0.0215)
= Exp(5.2928)
= $198.90
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(1.2034 + 0.0022 × 1,801 – 2 × 0.0215)
= Exp(5.2067)
= $182.50
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.2034 + 0.0022 × 1,825 + 2 × 0.0215)
= Exp(5.3467)
= $209.91
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.2034 + 0.0022 × 1,825 – 2 × 0.0215)
= Exp(5.2607)
= $192.61
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 127.06% per annum.
- HON price at the close of April 28, 2025 was inside the secondary price channel.