HMC Technical Analysis - HONDA MOTOR CO LTD-SPONS ADR

Technical Rating and Analysis

Taking everything into account, HMC scores 1 out of 10 in our technical rating. HMC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

HMC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the performance of all stocks over the past year, HMC turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.

HMC is part of the Automobiles industry. There are 37 other stocks in this industry, HMC did better than 63% of them.

HMC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HMC is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HONDA MOTOR CO LTD-SPONS ADR / HMC Weekly stock chart

HONDA MOTOR CO LTD-SPONS ADR / HMC Daily stock chart

Setup Rating and Analysis

HMC has a poor technical rating and the quality of the setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

28.52

35.21

We found 2 important support areas.

A support zone ranging from 29.84 to 30.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @28.81 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 30.73 to 30.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 34.28 to 34.86. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for HMC is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HMC is down.
ChartMill Relative Strength	42.43	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)	UP	POSITIVE	The current price of HMC is above the rising SMA(200).
Relative Strength Index/RSI (14)	38.79	NEUTRAL	The RSI value for HMC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests HMC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	27.97	NEUTRAL	The Stochastics value for HMC is a neutral value.
Average True Range in percent/ATR (20)	1.84	LOW VOLATILITY	The low ATR as a percentage value for HMC suggests low volalility.
Average Directional Index/ADX (14)	23.38	NEUTRAL	The ADX value for HMC suggests a possible start of a new trend.