HORMEL FOODS CORP (HRL) Technical Analysis
NYSE:HRL • US4404521001
Current stock price
22.14 USD
-0.23 (-1.03%)
At close:
22.35 USD
+0.21 (+0.95%)
After Hours:
HRL Technical Rating and Analysis
Overall HRL gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 81% of all other stocks performed better in the past year than HRL.
- HRL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HRL is lagging the market.
- In the last month HRL has a been trading in the 22.14 - 26.22 range, which is quite wide. It is currently trading near the lows of this range.
- HRL has an average volume of 4819400 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 46% of 87 stocks in the same industry.
HRL Weekly and Daily overview Charts
HRL Setup Rating and Analysis
The technical rating of HRL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
HRL Support and Resistance Analysis
21.08
26.56
We found 1 important support area.
- A support zone ranging from 21.29 to 21.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 22.15 to 22.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 22.84 to 22.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 23.88 to 24.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.14 to 25.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.66 from a horizontal line in the daily time frame.
- Resistance @26.30 from a trend line in the weekly time frame.
HRL Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for HRL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HRL is down. |
| ChartMill Relative Strength | 19.92 | NEGATIVE | HRL has a low relative strength, it was outperformed by 80.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HRL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HRL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HRL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.31 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests HRL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.39 | OVERSOLD | The low Stochastics value suggests HRL may be oversold. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for HRL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.04 | NEUTRAL | The ADX value for HRL suggests a possible start of a new trend. |
HRL Chart- and CandleStick Pattern Analysis
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)
HRL Technicals: Chart, Performance Metrics, Trend & Indicators
22.14
-0.23 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.03%
1 Week-2.21%
2 Weeks-9.34%
1 Month-11.4%
3 Month-6.46%
6 Month-10.8%
12 Month-26.15%
2 Year-36.54%
3 Year-44.48%
5 Year-53.66%
10 Year-48.8%
15 Year59.05%
Volatility
ATR(14)0.51
ATR(20)%2.84%
ATR Inc-4.65%
Range Today0.36
ADR(20)0.61
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.92
3 months CRS37.27
6 months CRS32.18
Mansfield-1.86
10 Day High24.42
10 Day Low22.14
20 Day High26.22
20 Day Low22.14
52 Week High32.07
52 Week Low21.03
CS1 End21.59
CR1 Start22.15
Volume & EV
DER(3)0.62%
DER(5)1.67%
Volume8.90M
Volume Incr-0.6%
Vol(5)4.81M
Vol(50)4.82M
HORMEL FOODS CORP / HRL TA FAQ
What is the technical rating for HRL stock?
ChartMill assigns a technical rating of 0 / 10 to HRL.
What is the trend direction for HRL stock?
The current trend direction for HORMEL FOODS CORP (HRL) is Bearish.
What is the RSI signal for HRL stock?
HORMEL FOODS CORP (HRL) has an RSI value of 32.3098. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HORMEL FOODS CORP?
The MACD indicator for HORMEL FOODS CORP (HRL) has a value of -0.194233, indicating a bearish trend.
What is the buy/sell signal for HRL stock?
The buy/sell signal for HORMEL FOODS CORP (HRL) is sell as both the short term and long term trends are negative.