Harley-Davidsons stock price (HOG) advanced in the intraday levels as it tries to recoup some losses, amid negative pressure from the 50-day SMA, amid the dominance of the downward correctional wave in the short term, coupled with negative signals from the RSI after reaching overbought levels.

Therefore we expect the stock to return lower, targeting the support of $32.36, provided the resistance of $37.40 holds on.

Trend Forecast: Likely Bearish