HORMEL FOODS CORP (HRL) Stock Technical Analysis
USA - NYSE:HRL - US4404521001 - Common Stock
22.32 USD
+0.13 (+0.59%)
22.2643 USD
-0.06 (-0.25%)
Overall HRL gets a technical rating of 0 out of 10. HRL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than HRL.
HRL is one of the lesser performing stocks in the Food Products industry. 65% of 87 stocks in the same industry do better.
HRL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 21.03 - 23.93 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
HRL has an average volume of 4578010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, HRL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
21.08
31.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.19 to 22.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
We can see 6 important resistance areas.
- A resistance zone ranging from 22.34 to 22.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.08 from a trend line in the daily time frame.
- Resistance @24.80 from a horizontal line in the daily time frame.
- A resistance zone ranging from 28.07 to 28.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.99 from a horizontal line in the weekly time frame.
- Resistance @30.81 from a horizontal line in the daily 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 | 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 | 15.09 | NEGATIVE | HRL has a low relative strength, it was outperformed by 84.91% off all stocks 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) | 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) | 42.91 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests HRL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.69 | NEUTRAL | The Stochastics value for HRL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for HRL suggests some volalility. |
| Average Directional Index/ADX (14) | 34.15 | POSITIVE | The high ADX value value for HRL suggests a strong 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)
22.32
+0.13 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.59%
1 Week-1.5%
2 Weeks2.76%
1 Month-6.1%
3 Month-23.69%
6 Month-24.18%
12 Month-27.23%
2 Year-27.03%
3 Year-52.51%
5 Year-52.69%
10 Year-40.42%
15 Year81.91%
Volatility
ATR(14)0.42
ATR(20)%2.35%
ATR Inc-15.71%
Range Today0.48
ADR(20)0.48
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.09
3 months CRS13.96
6 months CRS12.82
Mansfield-2.76
10 Day High22.88
10 Day Low21.68
20 Day High23.94
20 Day Low21.03
52 Week High33.8
52 Week Low21.03
CS1 End22.26
CR1 Start22.34
Volume & EV
DER(3)0.83%
DER(5)0.69%
Volume3.74M
Volume Incr-26.19%
Vol(5)3.81M
Vol(50)4.58M
HORMEL FOODS CORP / HRL FAQ
What is the ChartMill technical rating of HORMEL FOODS CORP (HRL) stock?
ChartMill assigns a technical rating of 0 / 10 to HRL.
What is the current trend direction of HORMEL FOODS CORP (HRL) stock?
The current trend direction for HORMEL FOODS CORP (HRL) is Bearish.
What is the RSI signal for HORMEL FOODS CORP (HRL) stock?
HORMEL FOODS CORP (HRL) has an RSI value of 42.9127. This indicates that the stock is currently neutral.
What is the short term momentum for HRL stock?
The short term momentum for HORMEL FOODS CORP (HRL) is negative.
Can you provide the buy/sell signal for HORMEL FOODS CORP?
The buy/sell signal for HORMEL FOODS CORP (HRL) is sell as both the short term and long term trends are negative.