(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 2024-07-09 View latest technical analysis
10 day averaged volume of Hormel Foods is 1808620
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Tue Jul 2024 | 30.04 | 30.12 | 30.24 | 30.01 | 1.395 times |
| 08 Mon Jul 2024 | 30.15 | 30.36 | 30.38 | 29.98 | 1.007 times |
| 05 Fri Jul 2024 | 30.29 | 30.23 | 30.31 | 30.06 | 0.912 times |
| 03 Wed Jul 2024 | 30.24 | 30.60 | 30.64 | 30.16 | 0.402 times |
| 03 Wed Jul 2024 | 30.24 | 30.60 | 30.64 | 30.16 | 0.402 times |
| 02 Tue Jul 2024 | 30.55 | 30.49 | 30.66 | 30.35 | 0.988 times |
| 01 Mon Jul 2024 | 30.43 | 30.59 | 30.74 | 30.39 | 1.194 times |
| 28 Fri Jun 2024 | 30.49 | 30.18 | 30.51 | 30.08 | 1.801 times |
| 27 Thu Jun 2024 | 30.22 | 30.26 | 30.32 | 30.01 | 0.949 times |
| 26 Wed Jun 2024 | 30.22 | 30.26 | 30.37 | 30.13 | 1.046 times |
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 29.9, for a target of 30.2 or 30.42
Share price targets for Hormel Foods (HRL)
| Target Type | Value |
| Downside Target | 29.98 |
| Upside Target | 30.74 |
| Upside Target | 30.90 |
| Upside Target | 31.11 |
| Upside Target | 31.40 |
| Upside Target | 33.20 |
| Upside Target | 33.73 |
| Upside Target | 35.35 |
| Upside Target | 35.87 |
| Upside Target | 36.86 |
Intraday share price targets for Hormel Foods (HRL)
| Target Type | Value |
| Downside Intraday Target | 29.89 |
| Downside Intraday Target | 29.73 |
| Upside Intraday Target | 30.29 |
| Upside Intraday Target | 30.53 |
| Upside Intraday Target | 30.13 |
Weekly technical analysis of Hormel Foods (HRL)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Tue Jul 2024 | 30.04 | 30.36 | 30.38 | 29.98 | 1.828 times |
| 05 Fri Jul 2024 | 30.29 | 30.60 | 30.64 | 30.06 | 0.508 times |
| 03 Wed Jul 2024 | 30.24 | 30.59 | 30.74 | 30.16 | 0.401 times |
| 28 Fri Jun 2024 | 30.49 | 30.64 | 31.11 | 30.01 | 1.457 times |
| 21 Fri Jun 2024 | 30.64 | 30.77 | 30.90 | 30.26 | 1.895 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 |
| 09 Tue Jul 2024 | 30.04 | 30.59 | 30.74 | 29.98 | 0.242 times |
| 28 Fri Jun 2024 | 30.49 | 31.04 | 31.40 | 30.01 | 0.787 times |
| 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 |
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Hormel Foods stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Hormel Foods in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Hormel Foods is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 30.3 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Hormel Foods stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Hormel Foods in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Hormel Foods is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 30.3 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.