Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>HOG stock price broke down recently.</a> </li> 
 <li> <span>2</span> <a>HOG share price reflects weakness on the daily charts.</a> </li> 
</ul> 
<p>Harley Davidson stock (NYSE: HOG) price failed to sustain above the 200-day EMA resulting in the profit booking in the last few sessions. The price action reflects a weak chart structure, and buyers started to unwind their positions and stayed cautious for the past sessions. Furthermore, HOG stock price shows a breakdown of the rising channel and a retracement below the 20-day EMA.</p> 
<p>Over the past weeks, HOG stock price showed a correction, and sellers persisted in making short buildups where sellers persisted in gaining traction and succeeded in their mission of breaking the immediate support of $30.</p> 
<p>Moreover, if HOG stock sustains near $30, a rebound may be seen, leading toward the swing of $40. HOG share price persists in draining the gains post release of Q2 earnings, which was below the estimates. Meanwhile, sellers have attained momentum.</p> 
<p>At press time, HOG stock price is trading at $33.53 with an intraday gain of 0.03%, showing neutrality on the charts. Moreover, the trading volume remained average at 795.876K, and the market cap is $4.751 Billion. However, analysts maintained a buy rating with a yearly target price of $46.50, suggesting a growth outlook for the upcoming sessions.</p> 
<p>Harley-Davidson, Inc. is engaged in the manufacture and sale of custom, cruiser, and touring motorcycles. It operates through the following segments: Motorcycles &amp; Related Products and Financial Services.&nbsp;</p> 
<p>The Motorcycles &amp; Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles and motorcycle parts, accessories, general merchandise, and related services. The Financial Services segment consists of financing and servicing wholesale inventory receivables and retail consumer loans, primarily for the purchase of Harley-Davidson motorcycles.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-hog-stock-price-action-reflects-weakness-on-daily-charts-strong"><strong>HOG Stock Price Action Reflects Weakness On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-218-1024x464.png" alt="HOG Stock Price Prediction: Will HOG Attain Strength Near $30?" class="wp-image-166342" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-218-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-218-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-218-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-218-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-218-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-218-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-218.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: HOG Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>HOG stock price chart shows correction and reflects weakness in the past sessions. Recently, HOG share tried to surpass the 200-day EMA while the bulls are attempting to stretch the gains beyond the primary hurdle of $40. But, due to the sellers’ strong grip, bulls faced rejection, resulting in a sharp reversal.&nbsp;</p> 
<p>Moreover, HOG stock slipped below neutrality, heading toward the 38.2% Fib level and below the mid-Bollinger band, indicating a negative outlook on the daily charts.</p> 
<p>The RSI curve is in the neutral zone. The bearish divergence indicates a negative crossover reflects seller interest from the past sessions.</p> 
<p>The MACD indicator showed a bullish crossover and formed green bars on the histogram, suggesting buyers are attempting a pullback to retain the 20-day EMA.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Harley Davidson (HOG stock) price shows sellers’ strength and dragged the gains below the 20-day EMA in the last sessions. Moreover, the chart structure shows profit booking and is heading toward the immediate support zone near $30. However, the bulls are attempting a pullback and may see a rebound to retest the trendline near $40.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $30 and $25</p> 
<p>Resistance Levels: $40 and $50</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any people named in this article are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

HOG Stock Price Prediction: Will HOG Attain Strength Near $30?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 9, 2023

MMC Stock Analysis: Ups and Downs of Stock Price This Week

ETH Investors Stop Withdrawing From Exchanges: Selloff to Come?

Insights on Potential Price Trends of THORChain, The Graph, and Everlodge in Q4 of 2023

Ripple Announces Acquisition of Fortress Trust: Community Responds

Predicting Bull Runs, Filing for ETFs, Collecting Txn Info and 20 Crypto Jokes

99% Of All $AXS Addresses Are In Red; Will Holders Exit For High-Growth $QUBE?

Join our free newsletter for daily crypto updates!