HORMEL FOODS CORP (HRL) Stock Technical Analysis
NYSE:HRL - New York Stock Exchange, Inc. - US4404521001 - Common Stock - Currency: USD
Overall HRL gets a technical rating of 1 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.
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: 69% 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.
In the last month HRL has a been trading in the 28.78 - 32.07 range, which is quite wide. It is currently trading near the lows of this range.
HRL has an average volume of 3219030 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 54% of 89 stocks in the same industry.
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 28.46, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.01
33.27
When analyzing the support we notice one important area.
- A support zone ranging from 28.29 to 28.46. 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 29.82 to 31.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.85 from a horizontal line in the daily time frame.
- A resistance zone ranging from 32.87 to 32.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.57
Mansfield-0.64
10 Day High30.88
10 Day Low29.18
20 Day High32.07
20 Day Low28.78
52 Week High36.86
52 Week Low27.59
Performance
1 Week-1.31%
2 Weeks-4.15%
1 Month-6.77%
3 Month-2.23%
6 Month-5.21%
12 Month-16.66%
2 Year-23.37%
3 Year-39.78%
5 Year-39.98%
10 Year2.45%
15 Year194.57%
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)-0.14
RSI(14)42.74
LBB29.1
UBB31.07
29.31
-0.08 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.27%
1 Week-1.31%
2 Weeks-4.15%
1 Month-6.77%
3 Month-2.23%
6 Month-5.21%
12 Month-16.66%
2 Year-23.37%
3 Year-39.78%
5 Year-39.98%
10 Year2.45%
15 Year194.57%
Volatility
ATR(14)0.59
ATR(20)%2.66%
ATR Inc-20.27%
Range Today0.4
ADR(20)0.75
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.57
Mansfield-0.64
10 Day High30.88
10 Day Low29.18
20 Day High32.07
20 Day Low28.78
52 Week High36.86
52 Week Low27.59
CS1 End28.46
CR1 Start29.82
Volume & EV
DER(3)-1.07%
DER(5)-0.64%
Volume2.96M
Volume Incr-13.6%
Vol(5)2.65M
Vol(50)3.22M