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Motorcycle Manufacturers Industry Stocks Technical Analysis - HOG

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- 1/17/2025 -
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HarleyDavidson (HOG) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold industryLane's Stochastic is oversoldStochastic has raised above the signal line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 6 consecutive negative weeks for the HarleyDavidson (HOG). During the week, the HOG gained 1.24 points, or 4.46%, and closed at 29.04 on Friday, January 17, 2025. It was the best weekly gain since October 18, 2024. Weekly volume was 10% above average.

HOG is a member of Motorcycle Manufacturers Industry. Motorcycle Manufacturers is the tenth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 21.51 and resistance is at 51.44. 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 uptrend had started on October 26, 2023 at 25.43 and reached 44.16 on March 28, 2024. HOG gained -18.73 points, or -73.65%, in 22 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (36.66) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See HOG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 below its signal line since October 4, 2024. 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 September 19, 2024 at 39.93 and reached 27.37 on January 13, 2025. HOG lost 12.56 points, or 31.46%, in 116 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 28.25 and resistance is at 31.48. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

Daily Technical Indicators: [See HOG daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.32
Williams' Percentage Range (W%R) 48.70
Lane's Stochastic (%D-Slow) 46.07
Greed/Fear Indicator (GFI) 45.23
Moving Average Converg./Diverg. (MACD) -0.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.50
Williams' Percentage Range (W%R) 79.50
Lane's Stochastic (%D-Slow) 14.49
Oversold
Greed/Fear Indicator (GFI) 24.56
Moving Average Converg./Diverg. (MACD) -0.97
Trading Signals
Description Value Chart
50 Day Moving Average 31.70
Upper Bollinger Band 31.62
Weekly Trendline Resistance 31.48
20 Day Moving Average 29.74
Price 29.04
Daily Stochastic Crossing 28.85
Weekly Stochastic Crossing 28.38
Lower Bollinger Band 28.29
Weekly Trendline Support 28.25
Parabolic System 27.34
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Motorcycle Manufacturers 10
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 35.21
High Date 11/25/2024
Low 27.37
Low Date 01/13/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 31.48
Support 28.25
High 39.93
High Date 09/19/2024
Low 27.37
Low Date 01/13/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.16
High Date 03/28/2024
Low 27.37
Low Date 01/13/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 37.04
Support 36.66
Low 25.43
Low Date 10/26/2023
High 44.16
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 51.44
Support 21.51
High 52.06
High Date 05/18/2021
Low 25.43
Low Date 10/26/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.