uploads///

Important Technical Levels in HOG before Its 4Q17 Earnings Event

By

Nov. 20 2020, Updated 5:08 p.m. ET

Harley-Davidson

In the previous part of this series, we looked at Harley-Davidson’s (HOG) valuation multiples, which are trading higher compared to those of other mainstream auto companies.

While valuation multiples can help investors make better investment decisions, it’s also important to be aware of key technical levels to refine entry and exit points from a stock.

Article continues below advertisement

Important support and resistance

On January 22, 2018, Harley-Davidson stock was trading at $53.81. Its price was hovering right below a key resistance near $56.40 as shown in the chart above. Only a violation of this key resistance could confirm underlying strength in the trend and attract fresh buying toward the next resistance level near $57.90.

On the downside, an immediate support level in Harley stock lies near $56 followed by an important support level near $49.40.

In general, these key resistance and support levels could obstruct the stock’s price movements and act as potential points for short-term trend reversals. A sustainable violation of either of these levels could reflect strength in the existing trend.

Auto industry’s 4Q17 earnings season

The auto sector’s (IYK) 4Q17 earnings season will begin with Ford Motor Company’s (F) earnings event on January 24. Other legacy US automakers Fiat Chrysler Automobiles (FCAU) and General Motors (GM) are set to release their 4Q17 results on January 25 and February 6, respectively.

Visit Market Realist’s Autos page to stay updated on analysts’ estimates for auto companies’ 4Q17 results.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.