According to the analysis conducted by xCalData, it is predicted that HONDAPOWER will continue its bearish phase over the next five days. During this period, the price trend of HONDAPOWER is expected to fall within the range of 2100 to 2228.

In comparison to the previous month, the price of the stock has experienced a decline of 0.57%. This decrease indicates a negative movement in the stock’s price during that period. It’s important to note that a 0.57% decline over one month is a significant drop, and it suggests a bearish sentiment in the market.

The technical ratios analyzed for the stock primarily indicate a bearish sentiment, suggesting a potential downward trend in its price. Notably, the On-Balance Volume (#OBV) indicator reflects a bearish outlook. However, in contrast, the #Coppock Curve exhibits a bullish indication. Despite the conflicting signals, it is essential to consider additional factors and conduct a comprehensive analysis to make an informed investment decision on the stock.          

Based on the xCalData forecast, the stock price is expected to continue its bearish trend for the next five days, indicating a projected decline in price during this period. This forecast suggests that investors may observe a downward movement in the stock’s value over the specified timeframe.

The stock has not shown seasonality trend in the past.

However, reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past.

HONDAPOWER stock has doubled once since 2015. It takes an average of 7.5 years to double.