Summary of the analysis
Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 31.93 USD
My targets
33.29 USD (+2.18%)
33.93 USD (+4.15%)
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 31.93 USD. The buyers' bullish objective is set at 33.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.93 USD. If there is any crossing, the next objective would be the resistance located at 36.76 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
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 circ*mstances, 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.
Additional analysis
Quotes
The HONDA MOTOR CO. price is 32.58 USD. On the day, this instrument gained +1.75% and was between 32.46 USD and 32.63 USD. This implies that the price is at +0.37% from its lowest and at -0.15% from its highest.
32.46
32.63
32.58
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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HONDA MOTOR CO.:
The Central Records scanner, which identifies the highest / lowest, has detected an element:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of HONDA MOTOR CO. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.70 | 31.93 | 32.49 | 32.58 | 33.29 | 36.76 | 37.68 |
| Change (%) | -5.77% | -2.00% | -0.28% | - | +2.18% | +12.83% | +15.65% |
| Change | -1.88 | -0.65 | -0.09 | - | +0.71 | +4.18 | +5.10 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.72 | 31.86 | 31.94 | 32.08 | 32.16 | 32.30 | 32.38 |
| Camarilla | 31.96 | 31.98 | 32.00 | 32.02 | 32.04 | 32.06 | 32.08 |
| Woodie | 31.69 | 31.85 | 31.91 | 32.07 | 32.13 | 32.29 | 32.35 |
| Fibonacci | 31.86 | 31.94 | 32.00 | 32.08 | 32.16 | 32.22 | 32.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.17 | 31.50 | 32.09 | 32.42 | 33.01 | 33.34 | 33.93 |
| Camarilla | 32.44 | 32.52 | 32.61 | 32.69 | 32.77 | 32.86 | 32.94 |
| Woodie | 31.31 | 31.57 | 32.23 | 32.49 | 33.15 | 33.41 | 34.07 |
| Fibonacci | 31.50 | 31.85 | 32.07 | 32.42 | 32.77 | 32.99 | 33.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.58 | 29.65 | 30.97 | 32.04 | 33.36 | 34.43 | 35.75 |
| Camarilla | 31.64 | 31.86 | 32.08 | 32.30 | 32.52 | 32.74 | 32.96 |
| Woodie | 28.72 | 29.71 | 31.11 | 32.10 | 33.50 | 34.49 | 35.89 |
| Fibonacci | 29.65 | 30.56 | 31.12 | 32.04 | 32.95 | 33.51 | 34.43 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.80 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 17.15 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 32.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.03 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 32.06 | |
| Zig ZAG (10): | 32.57 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 80.30 | |
| TEMA (21): | 32.35 | |
| Williams %R (14): | -18.57 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.50 |
| MA7: | 32.26 | |
| MA20: | 30.97 | |
| MA50: | 31.58 | |
| MA100: | 32.78 | |
| MAexp7: | 32.45 | |
| MAexp20: | 32.31 | |
| MAexp50: | 32.02 | |
| MAexp100: | 31.62 | |
| Price / MA7: | +0.99% | |
| Price / MA20: | +5.20% | |
| Price / MA50: | +3.17% | |
| Price / MA100: | -0.61% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +0.84% | |
| Price / MAexp50: | +1.75% | |
| Price / MAexp100: | +3.04% |
Quotes :-15 min delayed data-Actions NYSE
News
Don't forget to follow the news on HONDA MOTOR CO.. At the time of publication of this analysis, the latest news was as follows:
- Honda and Yamaha Reach Agreement on OEM Supply of Electric Motorcycle Models in the Class-1 Category
- Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal first quarter ended June 30, 2024
- Honda to Launch New Motorsports Website, Exhibit RA271 and Demo-Run RA272 to Commemorate 60th Anniversary Since First F1 Participation
- Nissan, Honda and Mitsubishi Motors sign MOU on strategic partnership
- The Schall Law Firm Is Investigating Claims Against Honda Motor Co Ltd And Urges Shareholders To Reach Out
