HORMEL FOODS CORP (HRL)       45.65  +0.41 (+0.91%)

45.65  +0.41 (+0.91%)

US4404521001 - Common Stock

Technical Rating

0

We assign a technical rating of 0 out of 10 to HRL. HRL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



HRL has an average volume of 1798460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HRL is an average performer in the Food Products industry, it outperforms 47% of 105 stocks in the same industry.
In the last month HRL has a been trading in the 44.08 - 47.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, HRL is a bad performer in the overall market: 66% of all stocks are doing better.
HRL is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months -1.76% -1.78% -7.50% -3.70% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 34.64 44.075 - 55.11
HRL Weekly chart
HRL Daily chart

Support/Resistance Analysis


44.01

48.81
When analyzing the support we notice one important area.
  • A support zone ranging from 44.45 to 45.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
  • A resistance zone ranging from 45.84 to 46.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 47.22 to 48.33. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

6

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 45.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.21, a Stop Loss order could be placed below this zone.


HRL Daily chart

HORMEL FOODS CORP45.65

NYSE:HRL (2/6/2023, 1:32:04 PM)+0.41 (+0.91%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Food Products

Performance
Today 0.91% 1 Week 0.78%
2 Weeks 1.48% 1 Month -1.76%
3 Month -1.78% 6 Month -7.5%

Volatility
ATR(14) 0.66 ATR(20)% 1.55%
ATR Inc 31.27% Range Today 0.78

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 34.64 Mansfield -0.82
10 Day High 45.65 10 Day Low 44.36
20 Day High 47.03 20 Day Low 44.08
52 Week High 55.11 52 Week Low 44.08
CS1 End 45.21 CR1 Start 45.39

Volume & EV
DER(3) 0.25% DER(5) 0.65%
Volume 872.04K Volume Incr 14.75%
Vol(5) 1.83M Vol(50) 1.80M

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA