Technical Analysis
HOG is currently trading at $28.39, showing a bearish trend with RSI at 37.91 indicating oversold conditions. The stock is trading below both its 20-day moving average of $29.34 and 200-day moving average of $34.25, suggesting sustained downward pressure.
News Impact
Recent significant developments affecting HOG:
Morgan Stanley downgraded Harley-Davidson to "Equal-Weight" due to affordability concerns and limited upside potential. The powersports sector has underperformed the broader market by 53% in 2024.
The company unveiled its 2025 motorcycle lineup featuring new models like Street Glide Ultra and Pan America 1250 ST, but market reaction has been muted.
Price Targets & Support/Resistance Levels
Based on Fibonacci levels:
Next Week's Price Prediction
Given the technical indicators and recent news:
Trading Recommendation
SELL with target price of $27.70 for next week. Key reasons:
Set stop loss at $29.69 (Fibonacci R1) to manage risk.
The price of HOG is predicted to go up 5.86%, based on the high correlation periods with DRIO. The similarity of these two price pattern on the periods is 97.68%.
HOG
DRIO
Year
HOG Price Forecast($)
Potential Return(%)
2025
35.000
25.900
2026
35.000
25.900
2027
35.000
25.900
2028
35.000
25.900
2029
43.000
54.680
2030
35.000
25.900
Harley-Davidson's brand is more than 120 years old and resonates globally with a wide consumer base, particularly its core market (men over 35). Efforts to reconnect with its core consumer could lead to a unit demand uptick faster than we anticipate.
The firm has historically generated solid free cash flow, and we expect it to continue doing so, generating a low-double-digit average FCF yield over the next decade.
Harley has high brand awareness and robust market share in custom and touring segments domestically, two of the most profitable motorcycle categories.
Citigroup
Price Target
$34 → $31
Upside
+7.9%
Morgan Stanley
Price Target
$40 → $33
Upside
+14.42%
Citigroup
Price Target
$39 → $34
Upside
+6.75%