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 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: 85% of all stocks are doing better.
- HRL is part of the Food Products industry. There are 87 other stocks in this industry, of which 62% are performing better than HRL.
- HRL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so HRL is lagging the market.
- In the last month HRL has a been trading in the 21.66 - 24.55 range, which is quite wide. It is currently trading near the lows of this range.
- HRL has an average volume of 4698280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HRL Weekly and Daily overview Charts
HRL Setup Rating and Analysis
The technical rating of HRL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
HRL Support and Resistance Analysis
21.87
5 important resistance areas can be observed.
- Resistance @22.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.60 to 23.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.81 to 24.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.66 from a horizontal line in the daily time frame.
- Resistance @26.09 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for HRL is down. |
| ChartMill Relative Strength | 15.77 | NEGATIVE | HRL has a low relative strength, it was outperformed by 84.23% 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) | 36.54 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HRL has a negative trend. |
| Stochastics (14,3) | 26.27 | NEUTRAL | The Stochastics value for HRL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for HRL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.33 | NEUTRAL | The ADX value for HRL suggests a possible start of a new trend. |
HRL Chart- and CandleStick Pattern Analysis
HRL Technicals: Chart, Performance Metrics, Trend & Indicators
22.09
+0.06 (+0.27%)
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 36.5385. 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 negative.
What are the support and resistance levels for HORMEL FOODS CORP (HRL) stock?
HORMEL FOODS CORP (HRL) has a resistance level at 22.19. Check the full technical report for our detailed analysis of HRL support and resistance levels.