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- 4/19/2024 -
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HarleyDavidson (HOG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the HarleyDavidson (HOG). During the week, the HOG dropped -1.67 points, or -4.21%, and closed at 38.04 on Friday, April 19, 2024. Weekly volume was 18% above average.
 Long-term trend: [See HOG long-term trend chart]
A long-term downtrend had started on May 18, 2021 at 52.06 and reached 25.43 on October 26, 2023. HOG lost 26.63 points, or 51.15%, in 127 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 23.90 and resistance is at 51.57. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See HOG medium-term trend chart]
A medium-term downtrend had started on February 2, 2023 at 51.77 and reached 25.43 on October 26, 2023. HOG lost 26.34 points, or 50.88%, in 38 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (19.12) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See HOG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since December 1, 2023. Use the following link to access a MACD help.
 Short-term trend: [See HOG short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 44.16 and reached 37.31 on April 19, 2024. HOG lost 6.85 points, or 15.51%, in 22 days. The price is now at the 10.66% retracement level.
 Daily Technical Indicators: [See HOG daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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