Honeywell (HON) is slated to report Q1 earnings tomorrow, April 23, before the market opens. Wall Street forecasts EPS of $2.32, a 2.1% decline year-over-year, and revenue of $9.30 billion, down 5.3% from the same quarter in 2025. Investors will keep a close watch on Honeywell’s backlog, a key indicator of future revenue. Any slowdown in orders or book‑to‑bill ratios would be a concern. Ahead of the results, HON stock is a Strong Buy, according to the technical indicators, implying further upside from current levels.
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Honeywell is a multinational conglomerate that primarily operates in four areas of business: aerospace, building automation, industrial automation, and energy and sustainability solutions.
Analyzing HON Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, Honeywell stock is currently on an upward trend. Williams %R, helps traders see if a stock is overbought or oversold. For HON stock, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
Moreover, the Rate of Change (ROC) is a momentum-based technical indicator. It measures the percentage change in a stock’s price between the current price and the price from a specific number of periods ago. Typically, an ROC above zero confirms an uptrend. Honeywell currently has an ROC of 4.67%, which signals a Buy.
Is HON Stock a Buy or Sell?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on HON stock based on nine Buys, four Holds, and one Sell assigned in the last three months. Further, the average Honeywell price target of $257.36 per share implies 16.93% upside potential.
