HORMEL FOODS CORP (HRL) Stock Technical Analysis
NYSE:HRL - New York Stock Exchange, Inc. - US4404521001 - Common Stock - Currency: USD
Overall HRL gets a technical rating of 3 out of 10. In the last year, HRL was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, HRL is a bad performer in the overall market: 68% of all stocks are doing better.
HRL has an average volume of 2996800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
HRL is an average performer in the Food Products industry, it outperforms 64% of 91 stocks in the same industry.
HRL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HRL is lagging the market.
In the last month HRL has a been trading in a tight range between 29.72 and 31.43.
HRL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 30.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.33, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.01
33.28
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.93 to 30.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.99 to 29.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 28.29 to 28.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 30.81 to 30.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @31.85 from a horizontal line in the daily time frame.
- A resistance zone ranging from 32.87 to 32.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for HRL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HRL is neutral. |
| ChartMill Relative Strength | 32.1 | NEUTRAL | HRL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HRL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HRL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HRL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.44 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HRL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.62 | NEUTRAL | The Stochastics value for HRL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for HRL suggests low volalility. |
| Average Directional Index/ADX (14) | 8.27 | NEGATIVE | The low ADX value for HRL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
30.81
+0.11 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.36%
1 Week3.25%
2 Weeks2.5%
1 Month-0.13%
3 Month0.23%
6 Month-1.75%
12 Month1.72%
2 Year-24.63%
3 Year-37.56%
5 Year-39.42%
10 Year4.07%
15 Year187.14%
Volatility
ATR(14)0.54
ATR(20)%1.69%
ATR Inc17.97%
Range Today0.36
ADR(20)0.49
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.1
Mansfield-0.74
10 Day High31.11
10 Day Low29.72
20 Day High31.43
20 Day Low29.72
52 Week High33.8
52 Week Low27.59
CS1 End30.33
CR1 Start30.6
Volume & EV
DER(3)0.98%
DER(5)0.34%
Volume2.68M
Volume Incr-9.3%
Vol(5)2.98M
Vol(50)3.00M