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HONDA MOTOR CO.
HONDA MOTOR CO.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: HMC
ISIN:

HONDA MOTOR CO. - Daily - Technical analysis published on 10/25/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 26.54 USD
My targets
27.21 USD (+1.42%)
28.80 USD (+7.34%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HONDA MOTOR CO. as long as the price remains well above 26.54 USD. The buyers” bullish objective is set at 27.21 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 28.80 USD. If there is any crossing, the next objective would be the resistance located at 30.07 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

HONDA MOTOR CO. rating 26.83 USD. The price has increased by +0.53% since the last closing with the lowest point at 26.82 USD and the highest point at 26.99 USD. The deviation from the price is +0.04% for the low point and -0.59% for the high point.

26.82
26.99
26.83

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


A technical analysis in Daily of this HONDA MOTOR CO. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Piercing line

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.17 25.96 26.54 26.83 27.21 28.80 30.07
Change (%) -6.19% -3.24% -1.08% - +1.42% +7.34% +12.08%
Change -1.66 -0.87 -0.29 - +0.38 +1.97 +3.24
Level Intermediate Minor Major - Major Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26.2126.3226.5026.6126.7926.9027.08
Camarilla26.6126.6426.6626.6926.7226.7426.77
Woodie26.2626.3426.5526.6326.8426.9227.13
Fibonacci26.3226.4326.5026.6126.7226.7926.90


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.4625.8126.2526.6027.0427.3927.83
Camarilla26.4726.5526.6226.6926.7626.8426.91
Woodie25.5125.8326.3026.6227.0927.4127.88
Fibonacci25.8126.1126.3026.6026.9027.0927.39


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.1422.5524.3225.7327.4928.9030.67
Camarilla25.2125.5025.7926.0826.3726.6626.95
Woodie21.3222.6424.4925.8227.6728.9930.84
Fibonacci22.5523.7724.5225.7326.9427.6928.90

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 61.70
MACD (12,26,9): 0.2900
Directional Movement: 15.87
AROON (14): 85.71
DEMA (21): 26.75
Parabolic SAR (0,02-0,02-0,2): 25.91
Elder Ray (13): 0.40
Super Trend (3,10): 25.95
Zig ZAG (10): 26.83
VORTEX (21): 0.8600
Stochastique (14,3,5): 86.18
TEMA (21): 26.77
Williams %R (14): -8.70
Chande Momentum Oscillator (20): 1.66
Repulse (5,40,3): -0.2900
ROCnROLL: 1
TRIX (15,9): 0.1400
Courbe Coppock: 6.47
MA7: 26.74
MA20: 26.23
MA50: 25.49
MA100: 25.49
MAexp7: 26.66
MAexp20: 26.37
MAexp50: 25.92
MAexp100: 25.85
Price / MA7: +0.34%
Price / MA20: +2.29%
Price / MA50: +5.26%
Price / MA100: +5.26%
Price / MAexp7: +0.64%
Price / MAexp20: +1.74%
Price / MAexp50: +3.51%
Price / MAexp100: +3.79%

News


The latest news and videos published on HONDA MOTOR CO. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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Londinia AI

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