NYSE:HRL • US4404521001
We assign a technical rating of 6 out of 10 to HRL. HRL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
HRL has an average technical rating and also the quality of the setup is only medium 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.
21.97
3 important support areas can be observed.
When analyzing the resistance we notice 2 important areas.
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 | UP | POSITIVE | The short term trend for HRL is up. |
| ChartMill Relative Strength | 31.36 | NEUTRAL | HRL is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of HRL is above the rising 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) | 58.27 | NEUTRAL | The RSI value for HRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests HRL has a positive trend. |
| Stochastics (14,3) | 88.77 | OVERBOUGHT | The high Stochastics value suggests HRL may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for HRL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.14 | NEGATIVE | The low ADX value for HRL suggests a weak or negative trend. |
25.31
-0.49 (-1.9%)
ChartMill assigns a technical rating of 6 / 10 to HRL.
The current trend direction for HORMEL FOODS CORP (HRL) is Bearish.
HORMEL FOODS CORP (HRL) has an RSI value of 58.271. This indicates that the stock is currently neutral.
The MACD indicator for HORMEL FOODS CORP (HRL) has a value of 0.111162, indicating a bearish trend.