Harley Davidson Technical Analysis (NYSE:HOG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. When a chart pattern that can predict future Harley Davidson stock price movements is formed, the HOG stock chart can become a key tool for a technical analyst.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Harley Davidson. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Harley Davidson stock analysis.
Harley Davidson Moving Average:
HOG stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Harley Davidson chart patterns after the calculations remain the same. The 100 day moving average of 58.75 is below the last closing price of 60.2. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Harley Davidson are mostly signals of long term trends and will help long term traders.
Harley Davidson Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Harley Davidson. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Harley Davidson bollinger bands.
Harley Davidson Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Harley Davidson MACD indicator can be used to identify bullish and bearish trends for the stock.
Harley Davidson Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of HOG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .