Harley-Davidson Inc Stock Forecast
Green day on Friday for Harley-Davidson Inc stock after gaining 0.0571%
(Updated on May 03, 2024)
The Harley-Davidson Inc stock price gained 0.0571% on the last trading day (Friday, 3rd May 2024), rising from $35.03 to $35.05. During the last trading day the stock fluctuated 2.66% from a day low at $34.97 to a day high of $35.90. The price has risen in 6 of the last 10 days but is still down by -7.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 278 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $49.21 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $33.42 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.47% during the next 3 months and, with a 90% probability hold a price between $34.91 and $46.88 at the end of this 3-month period.
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HOG Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 5.48%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Harley-Davidson Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $40.00. On a fall, the stock will find some support from the short-term average at $34.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Harley-Davidson Inc stock
Harley-Davidson Inc finds support from accumulated volume at $34.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.93 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HOG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Harley-Davidson Inc to open at $35.31, and during the day (based on 14 day Average True Range), to move between $33.58 and $36.52, which gives a possible trading interval of +/-$1.47 (+/-4.20%) up or down from last closing price. If Harley-Davidson Inc takes out the full calculated possible swing range there will be an estimated 8.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.91 (0.40%) than the resistance at $36.34 (3.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Harley-Davidson Inc stock A Buy?
Harley-Davidson Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.016 Sell Candidate Unchanged
Predicted Opening Price for Harley-Davidson Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $35.31 ( 0.732%) | $35.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.24 | 3.39 % | |
| R2 | 35.88 | 2.37 % | ||
| R1 | 35.66 | 1.75 % | ||
| Current price: | 35.05 | |||
| Support | S1 | 34.95 | -0.281 % | |
| S2 | 34.73 | -0.91 % | ||
| S3 | 34.38 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.09 | 20.09 % | |
| R2 | 39.32 | 12.18 % | ||
| R1 | 36.34 | 3.68 % | ||
| Current price | 35.05 | |||
| Support | S1 | 34.91 | -0.399% | |
| S2 | 34.75 | -0.86% | ||
| S3 | 33.23 | -5.19% |
HOG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Mar 04, 2024 | Mar 20, 2024 | $0.173 | 0.405% |
| 2 | Feb 16, 2024 | Mar 01, 2024 | Mar 20, 2024 | $0.173 | 0.405% |
| 3 | Nov 27, 2023 | Dec 11, 2023 | Dec 27, 2023 | $0.165 | 0.444% |
| 4 | Nov 27, 2023 | Dec 08, 2023 | Dec 27, 2023 | $0.165 | 0.444% |
| 5 | Aug 29, 2023 | Sep 12, 2023 | Sep 27, 2023 | $0.165 | 0.509% |
FAQ
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