HORMEL FOODS CORP (HRL) Stock Technical Analysis
NYSE:HRL - New York Stock Exchange, Inc. - US4404521001 - Common Stock - Currency: USD
Overall HRL gets a technical rating of 0 out of 10. 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.
69% 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. The S&P500 Index however 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 28.82 - 30.55 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
HRL has an average volume of 3055470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
HRL is an average performer in the Food Products industry, it outperforms 55% of 90 stocks in the same industry.
Although the technical rating is bad, HRL does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
28.01
33.27
We found 2 important support areas.
- Support @29.32 from a horizontal line in the daily time frame.
- A support zone ranging from 28.29 to 28.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 29.55 to 30.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.85 from a horizontal line in the daily time frame.
- A resistance zone ranging from 32.87 to 32.94. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for HRL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HRL is down. |
| ChartMill Relative Strength | 31.76 | NEUTRAL | HRL is not amongst the best or worst performers 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) | 46.29 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HRL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.61 | NEUTRAL | The Stochastics value for HRL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for HRL suggests low volalility. |
| Average Directional Index/ADX (14) | 11.87 | NEGATIVE | The low ADX value for HRL suggests a weak or negative 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)
29.44
-0.01 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.03%
1 Week-3.57%
2 Weeks0.79%
1 Month-0.88%
3 Month-0.71%
6 Month-4.01%
12 Month-16.15%
2 Year-23.03%
3 Year-39.51%
5 Year-39.71%
10 Year2.9%
15 Year195.88%
Volatility
ATR(14)0.54
ATR(20)%1.83%
ATR Inc4.04%
Range Today0.56
ADR(20)0.51
ADR(20)%1.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.76
Mansfield-0.63
10 Day High30.55
10 Day Low28.9
20 Day High30.55
20 Day Low28.82
52 Week High35
52 Week Low27.59
CS1 End29.32
CR1 Start29.55
Volume & EV
DER(3)-1.65%
DER(5)-0.82%
Volume2.77M
Volume Incr23.4%
Vol(5)3.14M
Vol(50)3.06M