HORMEL FOODS CORP (HRL) Stock Technical Analysis
NYSE:HRL - US4404521001 - Common Stock
25.42 USD
+0.45 (+1.8%)
25.42 USD
0 (0%)
We assign a technical rating of 0 out of 10 to HRL. 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.
90% of all other stocks performed better in the past year than HRL.
HRL is part of the Food Products industry. There are 88 other stocks in this industry, of which 67% are performing better than HRL.
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.
In the last month HRL has a been trading in the 23.71 - 29.34 range, which is quite wide. It is currently trading near the lows of this range.
HRL has an average volume of 3858150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 25.41, a Stop Loss order could be placed below this zone.
More info and screens
24.72
32.17
When analyzing the support we notice one important area.
- A support zone ranging from 24.97 to 25.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 25.66 to 25.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 27.95 to 28.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 28.99 to 29.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 30.81 to 30.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @31.85 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 | 10.2 | NEGATIVE | HRL has a low relative strength, it was outperformed by 89.8% 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) | 34.83 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests HRL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.29 | NEUTRAL | The Stochastics value for HRL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for HRL suggests some volalility. |
| Average Directional Index/ADX (14) | 36.43 | 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)
25.42
+0.45 (+1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg1.8%
1 Week0.71%
2 Weeks-12.41%
1 Month-12.25%
3 Month-16.87%
6 Month-13.95%
12 Month-20.76%
2 Year-33.16%
3 Year-44.06%
5 Year-48.01%
10 Year-19.7%
15 Year127.98%
Volatility
ATR(14)0.84
ATR(20)%2.91%
ATR Inc-18.69%
Range Today0.58
ADR(20)0.55
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.2
Mansfield-2.39
10 Day High25.82
10 Day Low23.71
20 Day High29.35
20 Day Low23.71
52 Week High33.8
52 Week Low23.71
CS1 End25.41
CR1 Start25.66
Volume & EV
DER(3)1.03%
DER(5)2.82%
Volume3.11M
Volume Incr-25.28%
Vol(5)3.47M
Vol(50)3.86M