US4381283088 - ADR - After market: 25.46 -0.67 (-2.56%)
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.
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.
Given the decent technical rating and the setup score, we can suggest the following trade.
|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.|
NYSE:HMC (3/29/2023, 7:12:09 PM)+0.27 (+1.04%)
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