Honeywell Aerospace Inc. stock plunges 14% as guidance cut overshadows record backlog

Honeywell Aerospace Inc. stock plunged as much as 14% after management trimmed its full-year outlook, citing supply-chain bottlenecks. The violent session followed solid Q2 organic sales growth of 5% and a record backlog, leaving charts to digest the clash between strong demand and weaker near-term guidance.

Key takeaways

• HONA fell as much as 14% after management lowered full-year guidance despite reporting 5% organic sales growth and a record backlog.
• Price closed at 161.25, below every major moving average on the daily, hourly, and 15-minute charts.
• Daily RSI14 at 32.95 is approaching oversold; hourly RSI14 at 18.01 and 15-minute RSI14 at 12.19 signal deeply oversold extremes.
• ATR14 on the daily chart at 14.11 and hourly at 7.44 point to elevated, news-driven volatility.
• Oversold conditions could trigger a relief bounce toward resistance near 167.82 or extend the breakdown below support at 152.42.

Daily Structure: Honeywell Aerospace Inc. Stock Breaks Below Every Major Moving Average

The daily chart confirms a bearish breakdown. Honeywell Aerospace Inc. stock closed beneath every key moving average after the earnings-driven selloff.

… Continue reading the full article at the original source below.