HONDA19 trade ideas
Honda motor company is setting up for a fall.Hello,
Introduction:
In recent market developments, Honda Motor Company, a renowned player in the automotive industry, finds itself navigating through a challenging phase. The company's stock is currently on a downward trend, signaling potential obstacles ahead. Investors and industry analysts are closely monitoring the situation, with a downside channel formation and a target set at $23.77 USD.
Analyzing the Downward Channel:
Honda's stock performance has caught the attention of market participants as it undergoes a bearish phase characterized by a clear downward channel. A downward channel is a technical pattern that reflects a consistent decline in stock prices within parallel lines. This pattern suggests a sustained negative sentiment among investors and may indicate underlying issues affecting the company's financial health.
Factors Contributing to the Downtrend:
Several factors could be contributing to Honda's current stock decline:
Global Economic Challenges: The automotive industry is highly sensitive to global economic conditions. Economic downturns or uncertainties can lead to reduced consumer spending on big-ticket items like cars, impacting companies like Honda.
Supply Chain Disruptions: The ongoing global supply chain challenges, exacerbated by the COVID-19 pandemic, have affected the production and delivery of automobiles. This can impact a company's ability to meet customer demand and maintain profitability.
Transition to Electric Vehicles: The automotive industry is undergoing a transformative shift towards electric vehicles (EVs). Companies that are slow to adapt to this shift may face challenges in maintaining market share and profitability.
Setting a Target at $23.77 USD:
As part of technical analysis, market experts have set a target for Honda's stock at $23.77 USD. This target is based on the prevailing downward channel and may serve as a key level to watch for potential changes in the stock's trajectory. Investors and traders will closely monitor whether the stock price can break out of this channel or if it will continue its descent towards the set target.
Potential Implications for Investors:
Investors in Honda Motor Company should exercise caution and conduct thorough research before making any decisions. Understanding the underlying reasons for the stock's decline and staying informed about industry trends will be crucial. Additionally, monitoring any corporate announcements or strategic initiatives by Honda could provide insights into the company's efforts to address the challenges it faces.
Conclusion:
While Honda Motor Company has been a stalwart in the automotive industry, the current downward trend in its stock raises concerns among investors. The set target of $23.77 USD reflects the prevailing bearish sentiment. The company's ability to navigate through these challenges, adapt to industry changes, and implement effective strategies will play a significant role in determining its future stock performance. As the situation evolves, market participants will be closely watching for any signs of a reversal or further downside movement.
Honda Bull After earnings or before ? Strong Performance: Honda Motor shares have shown solid relative strength over the last month, tacking on nearly 6% and outperforming the S&P 5001.
Positive Earnings Estimate Revisions: The shares are looking to break out of a multi-year consolidation period, with positive earnings estimate revisions helping drive the move1.
Strong Sales in North America: Honda posted stronger-than-expected earnings for its fiscal second quarter ended September, boosted by strong auto sales in North America2.
Analyst Upgrades: There have been several analyst upgrades for Honda Motor stock. For instance, Morgan Stanley upgraded the stock from Equal Weight to Overweight3. Similarly, Macquarie upgraded the stock from Neutral to Outperform3.
Price Target: While the consensus price target is not available, the stock is currently trading at $32.44
TP 35
Here & Now!A middle risk position here with a qualified supply zone.
Have a look.
Do riskfree and then trailing stop.
$HMC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HMC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
$HMC with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $HMC after a Positive over reaction following its earnings release placing the stock in drift B%.
HONDA MOTOR (2WAYS)Towards the vertex of an isosceles triangle...
Maybe Seller, Maybe Buyer...
Buyer if we cross 4007 yen.
Seller if we cross the 2680 yen.
HMC Inflation adjustmentMusashi Seimitsu Industry Company, a supplier of transmission gears and suspension parts to Honda Motor Company, is negotiating with automakers to reflect the impact of higher shipping and material costs. Another Honda supplier, Yachiyo Industry Company, which manufactures fuel tanks and sunroofs, has seen little impact because it buys raw materials directly from Honda and incorporates higher costs into the price of parts sold to its parent. Hondas get excellent gas mileage.
Honda $HMC 4H Chart looking good for upsideThe 4H chart on HMC looks ready to go for a continued move upward above $30 in the next session.
We are targeting the Nov19 30c at .57 at open on Monday.
$HMC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HMC after a Negative Under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$HMC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HMC after a positive under reaction following its earnings release placing the stock in drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Honda broke out of the H&S patternNYSE:HMC broke out of the head and shoulders pattern. The anticipated price action and targets are marked on the chart, ideal stoploss is far so it is better to use a trailing stop daily close below 200 MA.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Honda Motors - Probable trend reversalIn the chart you will find everything that i found important to the current price of the stock.
I think we will see a trend reversal if the price draws a good uptrend after the spike up.
On Tuesday(today) I expect the price to suffer from correction but this is healthy for the long term price movement.
I would wait out the correction and there will be a better entry for LONG position.
I am not financial expert nor advisor, please make your own decisions and do your own analysis!
When will HMC get credit for the world's 1st Level 3?Honda is the world’s first carmaker to sell a vehicle equipped with new, certified level 3 automation technology.
www.reuters.com
Honda Hauls and Tesla Falls - 2021 Deep Freeze - The CatalystThe confidence of people in the grid, and therefore EV, has taken a serious hit. It is exactly this confidence that results in the purchase of EV's.
We're going to see a pulling away from EV's due to the historic cold and power outages which are currently gripping a large portion of the US. The only thing that will keep the push toward electric vehicles going at it's current pace is the Biden administration announcing a MASSIVE investment in infrastructure with an emphasis on the nation's power grid. But giant federally-backed projects take time to cook up.
Biden hates oil and gas, so energy prices are going to spike to all-time highs over the next few years. The SUV is DONE, GONE. Good luck getting your money back for your Tahoes and Escalades, they're going to be too expensive to feasibly operate.
With confidence shaken in EV, I think Honda is going to surge. The American auto manufacturers got away from passenger vehicles and have focused on SUVs, hard to find a proper car anymore. Many US automakers have promised all EVs by 2030. Given the dismal performance of the grid across the entire middle-portion of the country, the people ain't gonna buy em. As gas prices get out of control , we're going to see a major shift towards high-efficiency, gas-burning sedans.
I believe Honda is uniquely positioned to win the lion's share of of this new business. Yes, Toyota is there too, but they are pretty spendy nowadays. Honda has the reliability and a more reasonable price. Don't get me wrong, Toyota will win too, but in stock appreciation terms, Honda will lead.
For all the reasons mentioned above, I think HMC will see $100 within the next 5-8 years.
HMC LongPrice above Upper BB & Broke resistance level.
Expect price to reach at least $27.27/$28.38/$29.38
$HMC with a neutral outlook after earnings$HMC is projected with a neutral outlook after a positive under reaction following its earnings has placed it in Drift A with price currently trading above the upper boundary of the PEAD cone.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
BUY HONDA MOTOR at market openning HEY traders, large volume sold in this situation, buyers could take this time now.
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