HORMEL FOODS CORP (HRL) Stock Technical Analysis
NYSE:HRL - New York Stock Exchange, Inc. - US4404521001 - Common Stock - Currency: USD
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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, HRL is a bad performer in the overall market: 68% of all stocks are doing better.
HRL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
HRL has an average volume of 2709430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HRL is part of the Food Products industry. There are 91 other stocks in this industry, HRL did better than 53% of them.
In the last month HRL has a been trading in the 28.03 - 31.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of HRL is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
28.01
33.89
When analyzing the support we notice one important area.
- A support zone ranging from 28.29 to 28.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 30.19 to 30.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.70 to 31.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 32.45 to 32.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.55 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.68
Mansfield-1.44
10 Day High29.8
10 Day Low28.03
20 Day High31.95
20 Day Low28.03
52 Week High36.86
52 Week Low28.03
Performance
1 Week3.89%
2 Weeks1.61%
1 Month-3.92%
3 Month-3.33%
6 Month-6.99%
12 Month-2.82%
2 Year-33.19%
3 Year-37.76%
5 Year-28.73%
10 Year1.35%
15 Year188.49%
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)
Technical Indicators
MACD(12,26,9)0.06
RSI(14)51.15
LBB28.11
UBB29.8
29.65
+0.8 (+2.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg2.77%
1 Week3.89%
2 Weeks1.61%
1 Month-3.92%
3 Month-3.33%
6 Month-6.99%
12 Month-2.82%
2 Year-33.19%
3 Year-37.76%
5 Year-28.73%
10 Year1.35%
15 Year188.49%
Volatility
ATR(14)0.52
ATR(20)%1.88%
ATR Inc53.68%
Range Today1.03
ADR(20)0.53
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.68
Mansfield-1.44
10 Day High29.8
10 Day Low28.03
20 Day High31.95
20 Day Low28.03
52 Week High36.86
52 Week Low28.03
CS1 End28.8
CR1 Start30.19
Volume & EV
DER(3)2.54%
DER(5)2.76%
Volume2.83M
Volume Incr-4.19%
Vol(5)2.91M
Vol(50)2.71M