(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 2024-05-31 View latest technical analysis
10 day averaged volume of Hormel Foods is 3340386
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 30.98 | 30.71 | 31.34 | 30.65 | 2.738 times |
| 30 Thu May 2024 | 30.79 | 33.68 | 33.84 | 30.51 | 2.824 times |
| 29 Wed May 2024 | 34.10 | 34.44 | 34.55 | 34.02 | 1.129 times |
| 28 Tue May 2024 | 34.70 | 34.99 | 35.00 | 34.33 | 0.791 times |
| 24 Fri May 2024 | 35.11 | 34.88 | 35.25 | 34.80 | 0.741 times |
| 23 Thu May 2024 | 34.75 | 35.25 | 35.33 | 34.70 | 0.686 times |
| 22 Wed May 2024 | 35.47 | 35.96 | 36.06 | 35.35 | 0.697 times |
| 21 Tue May 2024 | 36.43 | 36.77 | 36.80 | 36.18 | 0.7 times |
| 20 Mon May 2024 | 36.77 | 36.30 | 36.86 | 36.11 | 0.957 times |
| 17 Fri May 2024 | 36.31 | 36.09 | 36.33 | 35.89 | 0.851 times |
Stock of Hormel Foods (HRL) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 31.7, for a target of 33.5 or 34.99
Share price targets for Hormel Foods (HRL)
| Target Type | Value |
| Downside Target | 28.51 |
| Downside Target | 30.15 |
| Upside Target | 33.02 |
| Upside Target | 34.59 |
| Upside Target | 35.47 |
| 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 | 29.33 |
| Downside Intraday Target | 27.67 |
| Upside Intraday Target | 33.82 |
| Upside Intraday Target | 36.65 |
| Upside Intraday Target | 32.16 |
Weekly technical analysis of Hormel Foods (HRL)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 30.98 | 34.99 | 35.00 | 30.51 | 1.979 times |
| 24 Fri May 2024 | 35.11 | 36.30 | 36.86 | 34.70 | 1.27 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Hormel Foods (HRL)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 30.98 | 35.34 | 36.86 | 30.51 | 1.083 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Hormel Foods ( (HRL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Hormel Foods ( (HRL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Hormel Foods ( (HRL) ) based on a mid to longer 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
ADX buy sell signal for Hormel Foods stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Hormel Foods in short term and the sell signal is strong.
Hormel Foods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
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 33.34 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Hormel Foods ( (HRL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Hormel Foods ( (HRL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Hormel Foods ( (HRL) ) based on a mid to longer 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
ADX buy sell signal for Hormel Foods stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Hormel Foods in short term and the sell signal is strong.
Hormel Foods Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
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 33.34 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.