Score 8.8 (out of 10): HONEYWELL INTERNATIONAL INC poised to seasonally rally by +6.7% during the next 90 days.

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What’s Going On Here?

HONEYWELL’s CEO said that divestures are a possibility in 2022. The CEO sees its quantum business to be spun off, which is expected to be a $2bn revenue business by 2027 alone. Investments and spending on quantum has been a drag on margins for HONEYWELL.

Why Now?

HONEYWELL INTERNATIONAL INC indicates an interesting 90 days seasonal set up. During similar occasions, HONEYWELL INTERNATIONAL INC shares had a median return of +6.7% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for HONEYWELL INTERNATIONAL INC received a high score of 8.8 (out of 10). This insight was generated with last price of 216.

What’s This Company About?

HONEYWELL INTERNATIONAL INC is in the Instruments-Controls business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth 12.7% more (average). Ticker symbol: HON US.

What’s My Risk / Reward and Time Horizon?

We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 230.53 (+6.7%) has been reached. Based on HONEYWELL INTERNATIONAL INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 207.9 (last price at 216), which is equivalent to a -3.8% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

-0.1% (November-2021), 1.9% (November-2020), 6.8% (November-2019), 3.7% (November-2018), 9.2% (November-2017), 2.5% (November-2016), 6.7% (November-2015), 7.3% (November-2014), 14.8% (November- 2013), 17.2% (November-2012)

Historical Chart:

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Summary:

NameBOOKING HOLDINGS INC
ViewUp
Star (1 to 10)8.8
Target+6.7%
Time90 days
Hit Rate90%

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