HONA

HONA remains in a clear intermediate downtrend with price below the 20-day EMA and 50-day SMA, accompanied by only a minor short-term bounce. Absent a decisive reclaim and hold above the 20-day EMA, selling should be deferred to rallies into moving average resistance.

• ↑Orders rose 8% YoY, securing largest selectable win, $15 B order backlog
• ↑Organic sales to grow 4–5% by 2026 despite supply challenges
• ↓Supply constraints delayed parts ramp-up, triggering revised guidance