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Advanced TA SearchArchive
- 5/3/2024 -
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HarleyDavidson (HOG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the HarleyDavidson (HOG). During the week, the HOG climbed 0.30 points, or 0.86%, and closed at 35.05 on Friday, May 3, 2024. It was the best weekly gain since March 22, 2024. Weekly volume was 7% 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 23.77 and resistance is at 51.56. 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 (18.59) 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 MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 32.21 on April 25, 2024. HOG lost 11.95 points, or 27.06%, in 28 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See HOG daily technical indicators chart]
Daily technical indicators are neutral.
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 the Bollinger Bands is 112.84% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average 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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