Honda Stock Technical Analysis

HMC
 Stock
  

USD 23.90  0.27  1.12%   

As of the 5th of December, Honda retains the risk adjusted performance of (0.08), and Market Risk Adjusted Performance of (0.11). Honda technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have collected data for nineteen technical drivers for Honda Motor, which can be compared to its competitors. Please check out Honda Motor maximum drawdown, and the relationship between the information ratio and downside variance to decide if Honda is priced fairly, providing market reflects its last-minute price of 23.9 per share. Given that Honda Motor Co has jensen alpha of (0.20), we strongly advise you to confirm Honda Motor's regular market performance to make sure the company can sustain itself at a future point.
  

Honda Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Honda, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Honda
Honda's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Honda Analyst Consensus

Target PriceAdvice# of Analysts
36.23Buy2Odds
Honda Motor Co current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Honda analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Honda stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Honda Motor, talking to its executives and customers, or listening to Honda conference calls.
Honda Analyst Advice Details
Honda technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Honda technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Honda trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Honda Motor Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Honda Motor volatility developed by Welles Wilder.
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Honda Motor Trend Analysis

Use this graph to draw trend lines for Honda Motor Co. You can use it to identify possible trend reversals for Honda as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Honda price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Honda Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Honda Motor Co applied against its price change over selected period. The best fit line has a slop of   0.007256  , which may imply that Honda Motor Co will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 1.99, which is the sum of squared deviations for the predicted Honda price change compared to its average price change.

About Honda Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Honda Motor Co on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Honda Motor Co based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Honda Motor price pattern first instead of the macroeconomic environment surrounding Honda Motor. By analyzing Honda's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Honda's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Honda specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Book Value per Share4.55 K5.26 K6.07 K5.57 K
Asset Turnover0.730.630.650.66

Honda December 5, 2022 Technical Indicators

Most technical analysis of Honda help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Honda from various momentum indicators to cycle indicators. When you analyze Honda charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Honda December 5, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Honda stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Risk vs Return Analysis. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for analysis

When running Honda Motor price analysis, check to measure Honda's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Honda is operating at the current time. Most of Honda's value examination focuses on studying past and present price action to predict the probability of Honda's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Honda's price. Additionally, you may evaluate how the addition of Honda to your portfolios can decrease your overall portfolio volatility.
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Is Honda's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Honda. If investors know Honda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Honda listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.15
Market Capitalization
41 B
Quarterly Revenue Growth YOY
0.25
Return On Assets
0.0231
Return On Equity
0.0666
The market value of Honda Motor is measured differently than its book value, which is the value of Honda that is recorded on the company's balance sheet. Investors also form their own opinion of Honda's value that differs from its market value or its book value, called intrinsic value, which is Honda's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Honda's market value can be influenced by many factors that don't directly affect Honda's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Honda's value and its price as these two are different measures arrived at by different means. Investors typically determine Honda value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Honda's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.