HORMEL FOODS CORP (HRL) Stock Technical Analysis
NYSE:HRL - New York Stock Exchange, Inc. - US4404521001 - Common Stock - Currency: USD
Taking everything into account, HRL scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, HRL is a bad performer in the overall market: 80% 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. Certainly not because the S&P500 Index is trading near new highs.
HRL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
HRL has an average volume of 3266790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HRL is part of the Food Products industry. There are 89 other stocks in this industry, HRL did better than 52% of them.
HRL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 28.29, a Stop Loss order could be placed below this zone.
More info and screens
27.81
32.17
We found 1 important support area.
- A support zone ranging from 28.09 to 28.29. 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 28.46 to 28.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.21 to 29.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.74 to 31.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 20.12 | NEGATIVE | HRL has a low relative strength, it was outperformed by 79.88% 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) | 42.87 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests HRL has a positive trend. |
| Stochastics (14,3) | 45.22 | NEUTRAL | The Stochastics value for HRL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for HRL suggests low volalility. |
| Average Directional Index/ADX (14) | 24.78 | NEUTRAL | The ADX value for HRL suggests a possible start of a new 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)
28.41
+0.13 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.46%
1 Week-1.22%
2 Weeks0.39%
1 Month-3.53%
3 Month-3.5%
6 Month-4.18%
12 Month-10.88%
2 Year-26.38%
3 Year-43.5%
5 Year-44.27%
10 Year-7%
15 Year163.36%
Volatility
ATR(14)0.4
ATR(20)%1.46%
ATR Inc-19.98%
Range Today0.36
ADR(20)0.41
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.12
Mansfield-1.44
10 Day High29.14
10 Day Low27.9
20 Day High29.78
20 Day Low27.78
52 Week High33.8
52 Week Low27.59
CS1 End28.29
CR1 Start28.46
Volume & EV
DER(3)2.21%
DER(5)1.14%
Volume4.56M
Volume Incr42.88%
Vol(5)4.08M
Vol(50)3.27M