HORMEL FOODS CORP (HRL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HRL - US4404521001 - Common Stock
Overall HRL gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. HRL was also a bad performer in the overall market in the last year.
HRL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 23.15, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
21.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.11 to 23.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 23.99 to 24.34. 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 @27.76 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 | UP | POSITIVE | The short term trend for HRL is up. |
| ChartMill Relative Strength | 16.4 | NEGATIVE | HRL has a low relative strength, it was outperformed by 83.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HRL is above the rising 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) | 57.42 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests HRL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.23 | NEUTRAL | The Stochastics value for HRL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for HRL suggests some volalility. |
| Average Directional Index/ADX (14) | 31.72 | POSITIVE | The high ADX value value for HRL suggests a strong trend. |
23.71
-0.03 (-0.13%)
HORMEL FOODS CORP / HRL FAQ
What is the ChartMill technical rating of HORMEL FOODS CORP (HRL) stock?
ChartMill assigns a technical rating of 2 / 10 to HRL.
What is the current trend direction of HORMEL FOODS CORP (HRL) stock?
The current trend direction for HORMEL FOODS CORP (HRL) is Bearish.
What is the RSI signal for HORMEL FOODS CORP (HRL) stock?
HORMEL FOODS CORP (HRL) has an RSI value of 57.4158. This indicates that the stock is currently neutral.
What is the short term momentum for HRL stock?
The short term momentum for HORMEL FOODS CORP (HRL) is positive.
Can you provide the buy/sell signal for HORMEL FOODS CORP?
The buy/sell signal for HORMEL FOODS CORP (HRL) is hold as the short term and long term trends are mixed.