- Harley-Davidson, Inc. price declined by 1.3% in today’s market session.
- The HOG stock price has declined by nearly 38% in the previous year.
- The Harley-Davidson Inc. has a debt of $6.9 Billion.
The HOG stock price is currently in a downtrend, noticeable in the weekly timeframe as it consistently establishes lower levels. The price has recently breached a critical support level. At press time, HOG stock is trading at $28.82, reflecting a 1.3% decrease in today’s market session. Moreover, the stock demonstrated a negative return of more than -38% within a year, signaling financial weakness in the company and indicating a potential decline in the stock price. Analyzing technical indicators via TradingView points to a predominant ‘sell’ signal for the stock. Out of 26 indicators, the majority lean toward ‘sell’, with only a few suggesting ‘buy’. Additionally, the moving averages summary provides a weak signal, indicating the potential for a decline in the stock price.
HOG stock reached its peak at $74.13 in May 2013, after which, it embarked on a continuous downtrend. By the end of April 2020, the price endured an 81% decline. However, the stock price discovered support around the $14 level, leading to a reversal. The price climbed to around $51 but encountered resistance. Currently, the price has experienced a breakdown below the significant support level of $29, and it’s moving in a downward direction. The overall stock structure appears negative, suggesting a likely price decline in the days ahead.
Furthermore, the company carries substantial debt amounting to $6.9 Billion, and the available free cash flow needs to be improved to meet these debt obligations.
Harley Davidson Inc. (HOG) Stock Price Analysis
The MACD line is situated below the signal line, and there’s a red histogram formation. This arrangement suggests a prevailing bearish sentiment associated with HOG stock, signaling a potential price drop in the future.
In addition, the RSI line currently resides below the 14-day SMA line, and both lines are positioned below the 40 level. This alignment of the RSI line for HOG stock indicates a state of weakness and hints at a forthcoming price decline.
Conclusion
Harley Davidson, Inc. stock price is currently in a downtrend with the price forming lower lows. The price has given a negative return in the previous year and the indicators are also negative for the stock. The technical indicators’ summary also gives a sell signal. Thus, the price is likely to decline in the upcoming days.
Technical Levels
- Support Levels: $22 and $15
- Resistance Levels: $29 and $40
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.