HOG closes within prior day's range after lackluster session


Harley-Davidson (HOG) Technical Analysis Report for Jul 13, 2018 [1 min read]
Highlights
HOG finds support at 100-day moving average
HOG finds buyers again around 42.70
HOG stuck within tight trading range
HOG falls to lowest close since July 6th
HOG closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 30% Bullish
Technical Forecast:
Overview

HOG ended the week 1.27% higher at 42.93 after losing $0.31 (-0.72%) today. Today's closing price of 42.93 marks the lowest close since July 6th. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for HOG
Volatility

Friday's trading range was $0.42 (0.98%), that's far below last trading month's daily average range of $1.13. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average. Prices continued to consolidate within a tight trading range between 42.43 and 43.45 which it has been in now for the last three days.

Support/Resistance

Prices are trading close to a key support level at 42.21. Prices are trading close to the key resistance level at 43.24. After having been unable to move lower than 42.79 in the previous session, Harley-Davidson found buyers again around the same price level today at 42.70. After trading as low as 42.70 during the day, the market found support at the 100-day moving average at 42.75.

Trend

While still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Order Flow

Buying could speed up should prices move above the close-by swing high at 43.45 where further buy stops might get activated. Selling could accelerate should prices move below the nearby swing low at 42.43 where further sell stops might get triggered. As prices are trading close to July's low at 41.52, downside momentum could speed up should the stock mark new lows for the month.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Harley-Davidson
ConditionForecastDirectionWinAvgWorstBestEvents
Bearish Intraday Reversal TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
Bearish Spinning Top TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Harley-Davidson traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

ETHUSD 462.3514.38 3.21%
BTCUSD 7,414.9082.64 1.13%
GBPUSD 1.31350.0120 0.92%
GOLD 1,231.99.4 0.77%
HSI 28,224.48213.62 0.76%
INDU 25,058.12-6.38 -0.03%
NDX 7,350.23-2.13 -0.03%
FTSE 7,678.79-5.21 -0.07%
NATGAS 2.733-0.002 -0.07%
SPX 2,801.83-2.66 -0.09%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV88.91 -1.04
-1.16%
ACN 10 day candlestick chart for ACN166.52 -0.37
-0.22%
ADBE 10 day candlestick chart for ADBE257.54 -0.14
-0.05%
AAP 10 day candlestick chart for AAP142.67 -0.70
-0.49%
AES 10 day candlestick chart for AES13.03 0.00
0.00%
AET 10 day candlestick chart for AET187.22 -2.82
-1.48%
AFL 10 day candlestick chart for AFL43.06 0.17
0.40%
AMG 10 day candlestick chart for AMG148.84 -0.47
-0.31%
A 10 day candlestick chart for A63.85 -0.30
-0.47%
ABT 10 day candlestick chart for ABT63.32 -0.46
-0.72%