HORMEL FOODS CORP (HRL) Technical Analysis
NYSE:HRL • US4404521001
Current stock price
HRL Technical Rating and Analysis
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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 86% of all other stocks performed better in the past year 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.
- HRL has an average volume of 4828220 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 87 other stocks in this industry, HRL did better than 41% of them.
- In the last month HRL has a been trading in the 20.32 - 23.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HRL Weekly and Daily overview Charts
HRL Setup Rating and Analysis
Although the technical rating is bad, HRL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.56. Right above this resistance zone may be a good entry point.
More info and screens
HRL Support and Resistance Analysis
21.33
We can see 3 important resistance areas.
- A resistance zone ranging from 21.56 to 21.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.56 to 24.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
HRL Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for HRL is neutral. |
| ChartMill Relative Strength | 14.29 | NEGATIVE | HRL has a low relative strength, it was outperformed by 85.71% 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) | 45.38 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests HRL has a positive trend. |
| Stochastics (14,3) | 71.63 | NEUTRAL | The Stochastics value for HRL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for HRL suggests some volalility. |
| Average Directional Index/ADX (14) | 29.05 | POSITIVE | The high ADX value value for HRL suggests a strong trend. |
HRL Chart- and CandleStick Pattern Analysis
HRL Technicals: Chart, Performance Metrics, Trend & Indicators
21.55
-0.21 (-0.97%)
HORMEL FOODS CORP / HRL TA FAQ
What is the technical rating for HRL stock?
ChartMill assigns a technical rating of 0 / 10 to HRL.
Can you provide the trend direction for HORMEL FOODS CORP?
The current trend direction for HORMEL FOODS CORP (HRL) is Bearish.
Can you provide the RSI signal for HORMEL FOODS CORP?
HORMEL FOODS CORP (HRL) has an RSI value of 45.3755. This indicates that the stock is currently neutral.
What is the short term momentum for HORMEL FOODS CORP (HRL) stock?
The short term momentum for HORMEL FOODS CORP (HRL) is neutral.
What are the support and resistance levels for HORMEL FOODS CORP (HRL) stock?
HORMEL FOODS CORP (HRL) has a resistance level at 21.56. Check the full technical report for our detailed analysis of HRL support and resistance levels.