HARLEY-DAVIDSON INC. - Daily - Technical analysis published on 10/10/2019 (GMT)
- Who voted?
- 190
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 34.01 USD
My targets
31.98 USD (-3.85%)
30.39 USD (-8.63%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HARLEY-DAVIDSON INC. as long as the price remains well below 34.01 USD. The sellers” bearish objective is set at 31.98 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 30.39 USD. In case of crossing, the next objective would be the support located at 21.51 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
6.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HARLEY-DAVIDSON INC. rating is 33.26 USD. On the day, this instrument gained +0.27% and was between 32.77 USD and 33.51 USD. This implies that the price is at +1.50% from its lowest and at -0.75% from its highest.32.77
33.51
33.26
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HARLEY-DAVIDSON INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of HARLEY-DAVIDSON INC. indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.51 | 30.39 | 31.98 | 33.26 | 34.01 | 36.64 | 38.81 |
| Change (%) | -35.33% | -8.63% | -3.85% | - | +2.25% | +10.16% | +16.69% |
| Change | -11.75 | -2.87 | -1.28 | - | +0.75 | +3.38 | +5.55 |
| Level | Minor | Major | Major | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.97 | 32.52 | 32.85 | 33.40 | 33.73 | 34.28 | 34.61 |
| Camarilla | 32.93 | 33.01 | 33.09 | 33.17 | 33.25 | 33.33 | 33.41 |
| Woodie | 31.85 | 32.47 | 32.73 | 33.35 | 33.61 | 34.23 | 34.49 |
| Fibonacci | 32.52 | 32.86 | 33.07 | 33.40 | 33.74 | 33.95 | 34.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.57 | 32.82 | 34.10 | 35.35 | 36.62 | 37.87 | 39.15 |
| Camarilla | 34.68 | 34.91 | 35.14 | 35.37 | 35.60 | 35.83 | 36.06 |
| Woodie | 31.58 | 32.83 | 34.11 | 35.35 | 36.63 | 37.88 | 39.16 |
| Fibonacci | 32.82 | 33.79 | 34.38 | 35.35 | 36.31 | 36.91 | 37.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.47 | 27.96 | 31.96 | 34.45 | 38.45 | 40.94 | 44.94 |
| Camarilla | 34.19 | 34.78 | 35.38 | 35.97 | 36.57 | 37.16 | 37.76 |
| Woodie | 26.23 | 28.34 | 32.73 | 34.83 | 39.22 | 41.32 | 45.71 |
| Fibonacci | 27.96 | 30.44 | 31.97 | 34.45 | 36.93 | 38.46 | 40.94 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.81 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | -3.93 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 34.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.30 | |
| Elder Ray (13): | -1.34 | |
| Super Trend (3,10): | 36.30 | |
| Zig ZAG (10): | 33.26 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 6.91 | |
| TEMA (21): | 34.61 | |
| Williams %R (14): | -88.22 | |
| Chande Momentum Oscillator (20): | -2.15 | |
| Repulse (5,40,3): | -2.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 3.94 |
| MA7: | 34.47 | |
| MA20: | 35.02 | |
| MA50: | 33.49 | |
| MA100: | 34.13 | |
| MAexp7: | 34.20 | |
| MAexp20: | 34.44 | |
| MAexp50: | 34.16 | |
| MAexp100: | 34.38 | |
| Price / MA7: | -3.51% | |
| Price / MA20: | -5.03% | |
| Price / MA50: | -0.69% | |
| Price / MA100: | -2.55% | |
| Price / MAexp7: | -2.75% | |
| Price / MAexp20: | -3.43% | |
| Price / MAexp50: | -2.63% | |
| Price / MAexp100: | -3.26% |
News
The latest news and videos published on HARLEY-DAVIDSON INC. at the time of the analysis were as follows:
- Harley-Davidson To Amplify Brand Power To Attract Riders; Sharpens Long-Term Objectives To Support Building The Next Generation Of Riders
-
Harley-Davidson Laying Off 40 Employees
- Harley-Davidson Launches New Motorcycle Models And Technology For 2020
-
Harley-Davidson Is Facing New Challenges
-
Harley-Davidson Forced To Cut Number Of Shipments After Falling Quarter
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis HARLEY-DAVIDSON INC. - Daily