Honda Motor Co. Ltd. Technical Analysis | Honda Motor Co. Ltd. Trading: 2022-12-08 | IFCM
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Honda Motor Co. Ltd. Technical Analysis - Honda Motor Co. Ltd. Trading: 2022-12-08

Honda Motor Co. Ltd. Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 3231.5

Sell Stop

Above 3286

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2451
IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

Honda Motor Co. Ltd. Chart Analysis

Honda Motor Co. Ltd. Chart Analysis

Honda Motor Co. Ltd. Technical Analysis

The technical analysis of the Honda Motor stock price chart on daily timeframe shows #T-7267, D1 is retreating after breaching below support under the 200-day moving average MA(200) following multiple tests of MA(200). We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian Channel at 3231.5. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 3286. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (3286) without reaching the order (3231.5), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Honda Motor Co. Ltd.

US agency has opened a safety probe into Honda vehicles. Honda Motor upgraded its full year profit forecast estimate as it reported higher Q2 profits on Wednesday. Will the Honda Motor stock price continue retreating?

The US National Highway Traffic Safety Administration (NHTSA) is opening new safety probe into 1.72 million Honda vehicles. NHTSA is opening the probe based on reports alleging a loss of power for more than 1.7 million U.S. 2018-2022 model year Honda CR-V and HR-V vehicles. The reports claim some drivers lost power at highway speeds without warning and some reported differential seal leaks resulting in rear differential lock-up as the cause with some rear lock-up causing the driveshaft to fracture while the vehicle was in motion resulting in the vehicle being towed. Honda said it "will cooperate with the NHTSA through the investigation process, and we will continue our own internal review of the available information." News of vehicle safety probe is bearish for a car manufacturer’s stock price.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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