HONDA MOTOR CO LTD-SPONS ADR (HMC)       24.17  -0.43 (-1.75%)

24.17  -0.43 (-1.75%)

US4381283088 - ADR - After market: 24.17 0 (0%)

Technical Rating

4

Taking everything into account, HMC scores 4 out of 10 in our technical rating. In the past year, HMC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.



HMC is part of the Automobiles industry. There are 33 other stocks in this industry. HMC outperforms 78% of them.
In the last month HMC has a been trading in the 22.20 - 24.69 range, which is quite wide. It is currently trading near the high of this range.
HMC has an average volume of 1221460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
61% of all other stocks performed better in the past year than HMC.
HMC is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 5.68% -7.64% -3.17% -14.35% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 39.08 21.435 - 32.15
HMC Weekly chart
HMC Daily chart

Support/Resistance Analysis


21.37

30.09
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 23.82 to 24.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 22.98 to 23.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 21.59 to 21.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
  • Resistance @24.27 from a trend line in the weekly time frame.
  • Resistance @25.86 from a trend line in the daily time frame.
  • A resistance zone ranging from 26.76 to 27.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @29.79 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

6

HMC has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


HMC Daily chart

HONDA MOTOR CO LTD-SPONS ADR24.17

NYSE:HMC (12/2/2022, 7:04:00 PM)-0.43 (-1.75%)

After market: 24.17 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Automobiles
Performance
Today -1.75% 1 Week -1.06%
2 Weeks 2.5% 1 Month 5.68%
3 Month -7.64% 6 Month -3.17%
Volatility
ATR(14) 0.37 ATR(20)% 1.99%
ATR Inc -1.07% Range Today 0.24
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 39.08 Mansfield -0.59
10 Day High 24.69 10 Day Low 23.58
20 Day High 24.69 20 Day Low 22.2
52 Week High 32.15 52 Week Low 21.44
CS1 End 24.15 CR1 Start 24.27
Volume & EV
DER(3) 5.66% DER(5) 4.65%
Volume 1.21M Volume Incr 19.26%
Vol(5) 1.14M Vol(50) 1.22M

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