HONDA MOTOR CO LTD-SPONS ADR (HMC)       26.13  +0.27 (+1.04%)

26.13  +0.27 (+1.04%)

US4381283088 - ADR - After market: 25.46 -0.67 (-2.56%)

Technical Rating

7

We assign a technical rating of 7 out of 10 to HMC. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HMC is only an average performer.



The long and short term trends are both positive. This is looking good!
HMC is one of the better performing stocks in the Automobiles industry, it outperforms 77% of 36 stocks in the same industry.
HMC has an average volume of 1038910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, HMC did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
HMC is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month HMC has a been trading in the 24.60 - 26.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months -0.31% 14.30% 21.03% -7.67% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 80.86 21.435 - 28.495
HMC Weekly chart
HMC Daily chart

Support/Resistance Analysis


21.54

27.52
5 important support areas can be observed.
  • A support zone ranging from 25.13 to 25.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 24.13 to 24.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 22.86 to 23.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @22.35 from a horizontal line in the daily time frame.
  • Support @21.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 26.32 to 27.25. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

HMC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 26.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.85, a Stop Loss order could be placed below this zone.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
26.1824.901.28 (4.89%)20.45%
An entry @26.18. This is a Buy Stop order right above the 10 day high.An exit @24.90. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 1.28 points, which is 4.89%.For a 1.00% total portfolio risk, you can invest 20.45% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
HMC Daily chart

HONDA MOTOR CO LTD-SPONS ADR26.13

NYSE:HMC (3/29/2023, 7:12:09 PM)+0.27 (+1.04%)

After market: 25.46 -0.67 (-2.56%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
Today1.04%
1 Week2.35%
2 Weeks4.98%
1 Month-0.31%
3 Month14.3%
6 Month21.03%
Volatility
ATR(14)0.46
ATR(20)%1.67%
ATR Inc-53.39%
Range Today0.19
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.86
Mansfield0.44
10 Day High26.17
10 Day Low24.91
20 Day High26.83
20 Day Low24.6
52 Week High28.5
52 Week Low21.44
CS1 End25.85
CR1 Start26.32
Volume & EV
DER(3)-1.79%
DER(5)-2.41%
Volume898.50K
Volume Incr-31.22%
Vol(5)776.50K
Vol(50)1.04M

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