HONDA MOTOR CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	HMC
ISIN:

HONDA MOTOR CO. - 1H - Technical analysis published on 05/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

56%

33%

My opinion

Bearish under 34.68 USD

My targets

33.29 USD (-1.71%)

31.93 USD (-5.73%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HONDA MOTOR CO. as long as the price remains well below 34.68 USD. The sellers' bearish objective is set at 33.29 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 31.93 USD. In case of crossing, the next objective would be the support located at 30.57 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The HONDA MOTOR CO. price is 33.87 USD. The price is lower by -0.03% since the last closing with the lowest point at 33.77 USD and the highest point at 33.95 USD. The deviation from the price is +0.30% for the low point and -0.24% for the high point.

33.77

33.95

33.87

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this HONDA MOTOR CO. chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.57	31.93	33.29	33.87	33.96	34.68	36.19
Change (%)	-9.74%	-5.73%	-1.71%	-	+0.27%	+2.39%	+6.85%
Change	-3.30	-1.94	-0.58	-	+0.09	+0.81	+2.32
Level	Minor	Major	Major	-	Minor	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.36	33.50	33.69	33.83	34.02	34.16	34.35
Camarilla	33.79	33.82	33.85	33.88	33.91	33.94	33.97
Woodie	33.39	33.51	33.72	33.84	34.05	34.17	34.38
Fibonacci	33.50	33.63	33.70	33.83	33.96	34.03	34.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.00	33.39	33.99	34.38	34.98	35.37	35.97
Camarilla	34.32	34.41	34.50	34.59	34.68	34.77	34.86
Woodie	33.11	33.44	34.10	34.43	35.09	35.42	36.08
Fibonacci	33.39	33.77	34.00	34.38	34.76	34.99	35.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.39	30.85	32.42	34.88	36.45	38.91	40.48
Camarilla	32.88	33.25	33.62	33.99	34.36	34.73	35.10
Woodie	27.95	30.63	31.98	34.66	36.01	38.69	40.04
Fibonacci	30.85	32.39	33.34	34.88	36.42	37.37	38.91

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	34.47
MACD (12,26,9):	-0.1700
Directional Movement:	-22.53
AROON (14):	-21.42
DEMA (21):	33.93
Parabolic SAR (0,02-0,02-0,2):	34.00
Elder Ray (13):	-0.14
Super Trend (3,10):	34.20
Zig ZAG (10):	33.87
VORTEX (21):	0.8600
Stochastique (14,3,5):	27.67
TEMA (21):	33.76
Williams %R (14):	-73.17
Chande Momentum Oscillator (20):	-0.55
Repulse (5,40,3):	-0.0500
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	4.06

MA7:	34.26
MA20:	34.47
MA50:	35.61
MA100:	34.19
MAexp7:	33.91
MAexp20:	34.12
MAexp50:	34.25
MAexp100:	34.47
Price / MA7:	-1.14%
Price / MA20:	-1.74%
Price / MA50:	-4.89%
Price / MA100:	-0.94%
Price / MAexp7:	-0.12%
Price / MAexp20:	-0.73%
Price / MAexp50:	-1.11%
Price / MAexp100:	-1.74%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on HONDA MOTOR CO.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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