Honda Motor Co., Ltd. | HMC

Daily Technical Analysis of Honda Motor Co., Ltd.

Honda Motor Co. is down a bit on the day, funds flowing out kept the price down -2.21% since yesterday.

Honda Motor Co. doesn't seem to be at a very clear reversal point in either direction. Honda Motor Co. has been drifting up over the last few months, we'll see if it has the energy to keep moving in the right direction. HMC might find some support at the 32.49 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-03-17

Analyst Ratings for Honda Motor Co. By Price Target And Rating

The analysts are pretty neutral on Honda Motor Co. right now, so not much useful information here. The current Analysts Sentiment Score is 3.15. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2023-09-07 Morgan Stanley upgraded Honda Motor Co. from Equal Weight to Overweight. Macquarie announced an upgrade on 2023-08-11 from Neutral to Outperform. UBS Group downgraded from Neutral to Sell on 2023-07-06. Nomura released a downgrade on 2023-06-20 from Buy to Neutral.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
HMC	3.15	13.18	-6.88	0	0

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-16)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
HMC	0.00	0.00

Short interest for Honda Motor Co.

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
HMC	0.97	%0.1	2.1	-23.562	2000000

Social Sentiment for Honda Motor Co.

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
HMC

Companies with the highest correlation to Honda Motor Co.

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
TM \| Toyota Motor Corporation	1.38	-3.23	-1.47	-10.46	12.85	28.64	68.15	30	112.43	82.61	161.67	-1225.00	-50755.40	0	1.26379
MGA \| Magna International	0.85	-1.04	0.74	-10.61	-14.34	-2.44	-6.20	27	-0.43	-0.01	1.58	-13622.94	-390.71	0	4.28641
LKQ \| LKQ Corporation	0.78	-0.83	-12.62	-19.64	-8.04	-8.53	-23.66	46	1.97	1.33	-1.65	-8486.54	-3092.83	0	2.80534
ING \| ING Groep N.V. American D	0.77	0.38	-2.96	-4.67	10.70	23.97	28.33	87	6.86	8.13	8.18	-174.73	-41238.78	150	0.778959
PIPR \| Piper Sandler Companies	0.76	-1.76	3.37	-3.25	10.69	45.66	45.94	56	146.50	71.05	81.08	-1100.20	-23793.70	100	2.66304
BMO \| Bank of Montreal	0.74	-0.13	0.63	-5.08	-1.55	22.08	4.07	63	3.98	8.44	10.92	173.43	-12347.01	0	12.7416
GM \| General Motors Company	0.74	1.20	7.67	0.60	17.58	57.26	41.59	50	148.69	20.88	26.83	77.52	-21504.61	0	2.42356

Top 3 correlating companies

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