HORMEL FOODS CORP (HRL)

US4404521001 - Common Stock

35.6  +0.46 (+1.31%)

After market: 35.6 0 (0%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to HRL. Although HRL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
HRL is one of the better performing stocks in the Food Products industry, it outperforms 71% of 92 stocks in the same industry.
HRL has an average volume of 3201990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, HRL outperforms 48% of them, which is more or less in line with the market.
HRL is currently trading in the middle 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 slightly.
In the last month HRL has a been trading in a tight range between 33.73 and 35.68.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
HRL Weekly chart
HRL Daily chart
Setup Rating and Analysis

7

HRL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 35.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.32, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

33.13

35.97

2 important support areas can be observed.

  • A support zone ranging from 34.52 to 35.32. 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 33.46 to 33.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 35.61 to 35.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.32
Mansfield-0.97
10 Day High35.68
10 Day Low33.73
20 Day High35.68
20 Day Low33.73
52 Week High41.73
52 Week Low28.51
Performance
1 Week4.58%
2 Weeks2.39%
1 Month3.64%
3 Month14.88%
6 Month13.41%
12 Month-11.97%
2 Year-32.05%
3 Year-22.94%
5 Year-10.87%
10 Year49.3%
15 Year355.1%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)63.75
LBB33.57
UBB35.8
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
35.6234.511.11 (3.12%)25.00%
An entry @35.62. This is a Buy Stop order right above the resistance zone.An exit @34.51. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.11 points, which is 3.12%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
HRL Daily chart

HORMEL FOODS CORP

NYSE:HRL (4/24/2024, 7:08:08 PM)

After market: 35.6 0 (0%)

35.6

+0.46 (+1.31%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg1.31%
1 Week4.58%
2 Weeks2.39%
1 Month3.64%
3 Month14.88%
6 Month13.41%
12 Month-11.97%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.59
ATR(20)%1.62%
ATR Inc
Range Today1.07
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High35.68
10 Day Low33.73
20 Day High35.68
20 Day Low33.73
52 Week High41.73
52 Week Low28.51
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.21M
Volume Incr-20.11%
Vol(5)2.05M
Vol(50)3.20M