Honda Motor Co. Ltd. Technical Analysis Summary
Below 3238
Sell Stop
Above 3380
Stop Loss
| Indicator | Signal |
|---|---|
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Sell |
Honda Motor Co. Ltd. Chart Analysis
Honda Motor Co. Ltd. Technical Analysis
The technical analysis of the Honda Motor stock price chart on 4-hour timeframe shows #T-7267, H4 has reversed its climbing after breaching above the 200-period moving average MA(200) following a rebound as it hit six month low ten days ago. MA(200) has leveled off. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian Channel at 3238. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 3380. 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 (3380) without reaching the order (3238), 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.
Honda Motor upgraded its full year profit forecast estimate as it reported higher Q2 profits on Wednesday. Will the Honda Motor stock price resume rebounding?
Honda Motor Co reported a 16% rise in second-quarter profit yesterday and lifted its full-year outlook. Q2 operating profit rose 16.2% over year to 231.2 billion yen ($1.59 billion) in the three months to end-September. The automaker raised its full year forecasts citing strong demand, higher prices and weak yen. However operating earnings fell short of the average estimate of 243.3 billion yen in a poll of 10 analysts by Refinitiv. The same is true for full year operating profit forecast: Honda upgraded full year operating profit forecast to 870 billion yen from 830 billion yen for the year ending March 31, still below a 922.05 billion yen average forecast by 24 analysts. The stock closed 4.1% lower on the day after the report.