HORMEL FOODS CORP (HRL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HRL - US4404521001 - Common Stock
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.
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
21.08
We found 1 important support area.
- A support zone ranging from 21.29 to 21.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 23.38 to 24.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.80 from a horizontal line in the daily time frame.
- Resistance @27.34 from a trend line in the weekly time frame.
- Resistance @28.99 from a horizontal line in the weekly 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 | 17.84 | NEGATIVE | HRL has a low relative strength, it was outperformed by 82.16% 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 | MIXED | The current price of HRL is above 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) | 47.14 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests HRL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.42 | NEUTRAL | The Stochastics value for HRL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for HRL suggests low volalility. |
| Average Directional Index/ADX (14) | 25.21 | POSITIVE | The high ADX value value for HRL suggests a strong trend. |
23.23
+0.36 (+1.57%)
HORMEL FOODS CORP / HRL FAQ
What is the technical rating for HRL stock?
ChartMill assigns a technical rating of 0 / 10 to HRL.
What is the trend direction for HRL stock?
The current trend direction for HORMEL FOODS CORP (HRL) is Bearish.
What is the RSI signal for HRL stock?
HORMEL FOODS CORP (HRL) has an RSI value of 47.1407. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HORMEL FOODS CORP?
The MACD indicator for HORMEL FOODS CORP (HRL) has a value of -0.155648, indicating a bearish trend.
What is the buy/sell signal for HRL stock?
The buy/sell signal for HORMEL FOODS CORP (HRL) is sell as both the short term and long term trends are negative.