(HRL) Hormel Foods complete technical analysis [charts+indicators] | Buy/Sell Hormel Foods | (HRL) share price targets
Complete technical analysis of Hormel Foods (HRL) by charts plus indicators, forecast predictions and share price targets for Hormel Foods (HRL)
Hormel Foods trades in USA in Consumer Non Durables sector.
Showing technical analysis as on 2024-05-23 View latest technical analysis
10 day averaged volume of Hormel Foods is 1994312
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 34.75 | 35.25 | 35.33 | 34.70 | 1.149 times |
| 22 Wed May 2024 | 35.47 | 35.96 | 36.06 | 35.35 | 1.168 times |
| 21 Tue May 2024 | 36.43 | 36.77 | 36.80 | 36.18 | 1.172 times |
| 20 Mon May 2024 | 36.77 | 36.30 | 36.86 | 36.11 | 1.602 times |
| 17 Fri May 2024 | 36.31 | 36.09 | 36.33 | 35.89 | 1.425 times |
| 16 Thu May 2024 | 36.09 | 35.72 | 36.28 | 35.62 | 1.048 times |
| 15 Wed May 2024 | 35.60 | 35.83 | 35.94 | 35.47 | 0.835 times |
| 14 Tue May 2024 | 35.78 | 35.65 | 35.98 | 35.56 | 0.839 times |
| 13 Mon May 2024 | 35.55 | 35.63 | 36.15 | 35.49 | 0.838 times |
| 10 Fri May 2024 | 35.63 | 35.39 | 35.71 | 35.30 | 0.548 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.1, but if it comes above 35.1, then a intra day buy could be more profitable.
If you take a sell trade below 35.1, then use 35.1 as stoploss and 34.5 as target. However if you take a buy trade in stock , then use 35.1 as stoploss and 35.56 as target.
Share price targets for Hormel Foods (HRL)
| Target Type | Value |
| Downside Target | 28.51 |
| Downside Target | 30.15 |
| Downside Target | 33.02 |
| Downside Target | 34.54 |
| Upside Target | 35.69 |
| Upside Target | 35.71 |
| Upside Target | 35.87 |
| Upside Target | 36.00 |
| Upside Target | 36.33 |
| Upside Target | 36.86 |
Intraday share price targets for Hormel Foods (HRL)
| Target Type | Value |
| Downside Intraday Target | 34.01 |
| Downside Intraday Target | 33.28 |
| Upside Intraday Target | 36.17 |
| Upside Intraday Target | 37.6 |
| Upside Intraday Target | 35.44 |
Weekly technical analysis of Hormel Foods (HRL)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 34.75 | 36.30 | 36.86 | 34.70 | 1.021 times |
| 17 Fri May 2024 | 36.31 | 35.63 | 36.33 | 35.47 | 1.395 times |
| 10 Fri May 2024 | 35.63 | 35.31 | 35.71 | 34.59 | 0.646 times |
| 03 Fri May 2024 | 35.17 | 35.40 | 35.69 | 34.82 | 1.133 times |
| 26 Fri Apr 2024 | 35.32 | 34.90 | 35.87 | 34.54 | 0.858 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Hormel Foods (HRL)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 34.75 | 35.34 | 36.86 | 34.59 | 0.585 times |
| 30 Tue Apr 2024 | 35.56 | 34.95 | 35.87 | 33.73 | 0.926 times |
| 28 Thu Mar 2024 | 34.89 | 35.32 | 35.35 | 33.20 | 0.735 times |
| 29 Thu Feb 2024 | 35.32 | 30.26 | 36.00 | 28.51 | 1.324 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Hormel Foods (HRL)
Price action analysis of Hormel Foods ( (HRL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Hormel Foods ( (HRL) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Hormel Foods ( (HRL) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Hormel Foods ( (HRL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Hormel Foods stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Hormel Foods in short term but the sell signal is initial and weak.
Hormel Foods Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Hormel Foods in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Hormel Foods is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 35.92 and Hormel Foods (HRL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Hormel Foods (HRL) stock. Volume based technical analysis of Hormel Foods (HRL) stock is negative.
Hormel Foods Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Hormel Foods ( (HRL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Hormel Foods ( (HRL) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Hormel Foods ( (HRL) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Hormel Foods ( (HRL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Hormel Foods stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Hormel Foods in short term but the sell signal is initial and weak.
Hormel Foods Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Hormel Foods in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Hormel Foods is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 35.92 and Hormel Foods (HRL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Hormel Foods (HRL) stock. Volume based technical analysis of Hormel Foods (HRL) stock is negative.
Hormel Foods Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.