Following these proceedings, UBS upgraded its Honda Motor ADR [HMC] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early September from “an Equal-weight” to “an Overweight”. UBS also remained covering HMC and has decreased its forecast on July 06, 2023 with a “Sell” recommendation from previously “Neutral” rating. Nomura revised its rating on June 20, 2023. It rated HMC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HMC
On Tuesday, Honda Motor ADR [NYSE:HMC] saw its stock jump 1.78% to $30.31. Over the last five days, the stock has gained 6.35%. Honda Motor ADR shares have risen nearly 6.16% since the year began. Nevertheless, the stocks have fallen -4.54% over the past one year. While a 52-week high of $37.90 was reached on 01/07/25, a 52-week low of $23.41 was recorded on 01/02/25. SMA at 50 days reached $27.21, while 200 days put it at $31.37.
Levels Of Support And Resistance For HMC Stock
The 24-hour chart illustrates a support level at 30.14, which if violated will result in even more drops to 29.98. On the upside, there is a resistance level at 30.52. A further resistance level may holdings at 30.74. The Relative Strength Index (RSI) on the 14-day chart is 72.07, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.63%. Stochastics %K at 93.77% indicates the stock is a selling.
How much short interest is there in Honda Motor ADR?
A steep rise in short interest was recorded in Honda Motor ADR stocks on 2024-12-13, growing by 0.65 million shares to a total of 2.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.57 million shares. There was a rise of 29.29%, which implies that there is a positive sentiment for the stock.
