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. - Daily - Technical analysis published on 07/15/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

39%

My opinion

Bearish under 33.29 USD

My targets

31.93 USD (-2.00%)

30.57 USD (-6.17%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on HONDA MOTOR CO.. As long as you are under the resistance located at 33.29 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 31.93 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 30.57 USD as an objective. Crossing it would then enable sellers to target 29.43 USD. If the resistance 33.29 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.5

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

HONDA MOTOR CO. rating 32.58 USD. The price registered a decrease of -0.03% on the session with the lowest point at 32.53 USD and the highest point at 32.72 USD. The deviation from the price is +0.15% for the low point and -0.43% for the high point.

32.53

32.72

32.58

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical analysis of this Daily chart of HONDA MOTOR CO. indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29.43	30.57	31.93	32.58	33.29	34.96	36.75
Change (%)	-9.67%	-6.17%	-2.00%	-	+2.18%	+7.31%	+12.80%
Change	-3.15	-2.01	-0.65	-	+0.71	+2.38	+4.17
Level	Major	Minor	Major	-	Major	Minor	Major

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	32.05	32.19	32.39	32.53	32.73	32.87	33.07
Camarilla	32.50	32.53	32.56	32.59	32.62	32.65	32.68
Woodie	32.08	32.21	32.42	32.55	32.76	32.89	33.10
Fibonacci	32.19	32.32	32.40	32.53	32.66	32.74	32.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.82	31.20	31.90	32.28	32.98	33.36	34.06
Camarilla	32.29	32.39	32.49	32.59	32.69	32.79	32.89
Woodie	30.97	31.28	32.05	32.36	33.13	33.44	34.21
Fibonacci	31.20	31.62	31.87	32.28	32.70	32.95	33.36

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.57	29.90	31.07	32.40	33.57	34.90	36.07
Camarilla	31.55	31.78	32.01	32.24	32.47	32.70	32.93
Woodie	28.49	29.86	30.99	32.36	33.49	34.86	35.99
Fibonacci	29.90	30.86	31.45	32.40	33.36	33.95	34.90

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	51.85
MACD (12,26,9):	-0.1300
Directional Movement:	5.97
AROON (14):	-35.72
DEMA (21):	32.07
Parabolic SAR (0,02-0,02-0,2):	32.98
Elder Ray (13):	0.37
Super Trend (3,10):	31.40
Zig ZAG (10):	32.55
VORTEX (21):	0.8300
Stochastique (14,3,5):	60.02
TEMA (21):	32.30
Williams %R (14):	-36.42
Chande Momentum Oscillator (20):	0.52
Repulse (5,40,3):	0.0700
ROCnROLL:	-1
TRIX (15,9):	-0.1000
Courbe Coppock:	2.55

MA7:	32.19
MA20:	32.11
MA50:	32.83
MA100:	34.29
MAexp7:	32.31
MAexp20:	32.30
MAexp50:	32.85
MAexp100:	33.30
Price / MA7:	+1.21%
Price / MA20:	+1.46%
Price / MA50:	-0.76%
Price / MA100:	-4.99%
Price / MAexp7:	+0.84%
Price / MAexp20:	+0.87%
Price / MAexp50:	-0.82%
Price / MAexp100:	-2.16%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on HONDA MOTOR CO. at the time of the analysis were as follows:

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

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