Honda stock price forecast technical charts suggest Honda’s

Technical charts suggest Honda’s near-term resistance at $33.20, and support holding near $30. In economic news, industrial production in Japan was down a seasonally adjusted 1.2 percent on month in August, the Ministry of Economy, Trade and Industry said on Tuesday. That missed forecasts for a decline of 0.7 percent following the 1.2 percent drop in July. On a yearly basis, industrial production slumped 1.3 percent. The METI maintained its assessment of industrial production, saying that it continues to fluctuate indecisively. According to the METI's forecast, industrial production is expected to jump 4.1 percent in September and 1.2 percent in October. Can Hybird Focus And Buybacks Push Honda Stock Up By 20% ? Global automotive sector recovery is providing tailwinds, especially in China. Honda’s penetration in new SUV and EV models contributes to an optimistic honda stock price forecast around $35 in both technical and fundamental models.