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 6 out of 10. In the last year, HRL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month HRL has a been trading in the 28.76 - 32.07 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
HRL has an average volume of 3288240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, HRL turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
HRL is an average performer in the Food Products industry, it outperforms 54% of 88 stocks in the same industry.
HRL is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
HRL has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
28.01
33.90
We found 2 important support areas.
- A support zone ranging from 30.13 to 30.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 30.71 to 31.18. This zone is formed by a combination of multiple trend lines 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 multiple time frames.
- Resistance @33.56 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
CRS47.33
Mansfield0.4
10 Day High32.07
10 Day Low28.78
20 Day High32.07
20 Day Low28.76
52 Week High36.86
52 Week Low27.59
Performance
1 Week3.63%
2 Weeks-2.74%
1 Month3.03%
3 Month2.17%
6 Month-5%
12 Month-11.97%
2 Year-24.38%
3 Year-41.63%
5 Year-34.73%
10 Year12.53%
15 Year200.1%
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
RSI(14)54.85
LBB29.25
UBB31.47
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.19 | 30.12 | 1.07 (3.43%) | 25.00% |
| An entry @31.19. This is a Buy Stop order right above the resistance zone. | An exit @30.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.07 points, which is 3.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- The distance between exit and entry is rather small compared to the average daily movement of HRL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
30.58
+0.4 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg1.33%
1 Week3.63%
2 Weeks-2.74%
1 Month3.03%
3 Month2.17%
6 Month-5%
12 Month-11.97%
2 Year-24.38%
3 Year-41.63%
5 Year-34.73%
10 Year12.53%
15 Year200.1%
Volatility
ATR(14)0.93
ATR(20)%2.82%
ATR Inc-39.13%
Range Today0.57
ADR(20)0.83
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.33
Mansfield0.4
10 Day High32.07
10 Day Low28.78
20 Day High32.07
20 Day Low28.76
52 Week High36.86
52 Week Low27.59
CS1 End30.22
CR1 Start30.71
Volume & EV
DER(3)0.02%
DER(5)-0.1%
Volume2.86M
Volume Incr-15.91%
Vol(5)3.00M
Vol(50)3.29M