HOG Technical Analysis - HARLEY-DAVIDSON INC

Technical Rating and Analysis

Overall HOG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HOG is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month HOG has a been trading in the 26.68 - 31.07 range, which is quite wide. It is currently trading near the high of this range.

HOG has an average volume of 1993070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, HOG outperforms 46% of them, which is more or less in line with the market.

HOG is an average performer in the Automobiles industry, it outperforms 61% of 37 stocks in the same industry.

HOG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HOG is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HARLEY-DAVIDSON INC / HOG Weekly stock chart

HARLEY-DAVIDSON INC / HOG Daily stock chart

Setup Rating and Analysis

Although HOG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.20

31.34

We found 5 important support areas.

A support zone ranging from 27.06 to 27.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @24.54 from a trend line in the weekly time frame.
Support @23.82 from a trend line in the daily time frame.
Support @23.25 from a horizontal line in the daily time frame.
Support @22.42 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 29.98 to 31.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for HOG is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HOG is up.
ChartMill Relative Strength	46.31	NEUTRAL	HOG is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of HOG is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of HOG is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of HOG is above a declining SMA(200).
Relative Strength Index/RSI (14)	67.94	NEUTRAL	The RSI value for HOG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests HOG has a positive trend, although the MACD value is declining.
Stochastics (14,3)	88.03	OVERBOUGHT	The high Stochastics value suggests HOG may be overbought.
Average True Range in percent/ATR (20)	2.74	MEDIUM VOLATILITY	The ATR as a percentage value for HOG suggests some volalility.
Average Directional Index/ADX (14)	32.63	POSITIVE	The high ADX value value for HOG suggests a strong trend.