HONDA MOTOR CO LTD-SPONS ADR (HMC) Stock Technical Analysis
NYSE:HMC • US4381283088
Overall HMC gets a technical rating of 6 out of 10. In the past year, HMC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- HMC is one of the better performing stocks in the Automobiles industry, it outperforms 70% of 35 stocks in the same industry.
- HMC has an average volume of 1129570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, HMC outperforms 62% of them, which is more or less in line with the market.
- 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.
- In the last month HMC has a been trading in the 29.32 - 32.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, HMC does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 30.98, a Stop Loss order could be placed below this zone.
More info and screens
28.20
We found 3 important support areas.
- A support zone ranging from 30.47 to 30.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.92 to 29.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 28.48 to 29.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @32.72 from a trend line in the daily time frame.
- Resistance @33.57 from a trend line in the weekly time frame.
- A resistance zone ranging from 34.62 to 34.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for HMC is up. |
| ChartMill Relative Strength | 62.61 | NEUTRAL | HMC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HMC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HMC is above the rising 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) | 55.31 | NEUTRAL | The RSI value for HMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests HMC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.24 | NEUTRAL | The Stochastics value for HMC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for HMC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.39 | NEGATIVE | The low ADX value for HMC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.73 | 30.46 | 2.27 (6.94%) | 14.42% |
| An entry @32.73. This is a Buy Stop order right above the resistance zone. | An exit @30.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.27 points, which is 6.94%. | When investing 14.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
31.78
+0.35 (+1.11%)
HONDA MOTOR CO LTD-SPONS ADR / HMC FAQ
What is the technical rating for HMC stock?
ChartMill assigns a technical rating of 6 / 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 55.307. 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 positive.
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 30.98 and a resistance level at 32.72. Check the full technical report for our detailed analysis of HMC support and resistance levels.