HONDA MOTOR CO LTD-SPONS ADR (HMC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HMC - US4381283088 - ADR
We assign a technical rating of 0 out of 10 to HMC. HMC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of HMC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
28.20
When analyzing the support we notice one important area.
- A support zone ranging from 28.48 to 29.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 29.76 to 31.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.91 from a horizontal line in the daily time frame.
- Resistance @33.78 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for HMC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HMC is down. |
| ChartMill Relative Strength | 35.98 | NEUTRAL | HMC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HMC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HMC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.2 | NEUTRAL | The RSI value for HMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests HMC has a negative trend. |
| Stochastics (14,3) | 12.9 | OVERSOLD | The low Stochastics value suggests HMC may be oversold. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for HMC suggests low volalility. |
| Average Directional Index/ADX (14) | 12.77 | NEGATIVE | The low ADX value for HMC suggests a weak or negative trend. |
29.27
-0.25 (-0.85%)
HONDA MOTOR CO LTD-SPONS ADR / HMC FAQ
What is the technical rating for HMC stock?
ChartMill assigns a technical rating of 0 / 10 to HMC.
Can you provide the trend direction for HONDA MOTOR CO LTD-SPONS ADR?
The current trend direction for HONDA MOTOR CO LTD-SPONS ADR (HMC) is Bearish.
Can you provide the RSI signal for HONDA MOTOR CO LTD-SPONS ADR?
HONDA MOTOR CO LTD-SPONS ADR (HMC) has an RSI value of 40.1985. This indicates that the stock is currently neutral.
Can you provide the short term momentum for HONDA MOTOR CO LTD-SPONS ADR?
The short term momentum for HONDA MOTOR CO LTD-SPONS ADR (HMC) is negative.
What are the support and resistance levels for HONDA MOTOR CO LTD-SPONS ADR (HMC) stock?
HONDA MOTOR CO LTD-SPONS ADR (HMC) has a support level at 29.26 and a resistance level at 29.76. Check the full technical report for our detailed analysis of HMC support and resistance levels.