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HOG Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Descending HOG on December 16, 2024, netting in a 4.75% gain over 2 days

A.I.dvisor
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+4.75% Gain from a Successful pattern Broadening Wedge Descending
HOG - Harley-Davidson
Tickeron
Ticker: HOG
Company: Harley-Davidson
Gain from shortening: +4.75%
Confirmed: 12/16/24
Succeeded: 12/18/24
Total length: 2 days
On December 16, 2024, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bearish) for Harley-Davidson (HOG, $32.00). On December 16, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 18, 2024, the stock hit the target price of $29.97 – resulting in a gain for traders who shorted the stock on the pattern detection date.

HOG sees MACD Histogram just turned negative

HOG saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 13, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 50 instances where the indicator turned negative. In of the 50 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HOG as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HOG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where HOG's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HOG advanced for three days, in of 291 cases, the price rose further within the following month. The odds of a continued upward trend are .

HOG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 181 cases where HOG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.828) is normal, around the industry mean (48.917). P/E Ratio (8.943) is within average values for comparable stocks, (55.184). Projected Growth (PEG Ratio) (4.619) is also within normal values, averaging (2.499). Dividend Yield (0.015) settles around the average of (0.021) among similar stocks. P/S Ratio (1.083) is also within normal values, averaging (5.104).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. HOG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HOG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.

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HOG
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General Information

a manufacturer of motorcycles, parts and accessories

Industry RecreationalProducts

Profile
Fundamentals
Details
Industry
Motor Vehicles
Address
3700 West Juneau Avenue
Phone
+1 414 342-4680
Employees
6400
Web
https://www.harley-davidson.com