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Archive
- 11/8/2024 -
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HarleyDavidson (HOG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the HarleyDavidson (HOG). During the week, the HOG gained 1.05 points, or 3.29%, and closed at 32.92 on Friday, November 8, 2024. Weekly volume was -6% below average.
HOG is a member of Motorcycle Manufacturers Industry. Motorcycle Manufacturers is the seventh 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 22.10 and resistance is at 51.47. 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 (34.98) 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. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 31.32 on November 5, 2024. HOG lost 8.61 points, or 21.56%, in 47 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 31.06 and resistance is at 34.80. 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 Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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