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(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 2024-08-16 View latest technical analysis

10 day averaged volume of Hormel Foods is 2059530

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	32.36	31.95	32.40	31.85	1.08 times
15 Thu Aug 2024	32.02	32.34	32.49	31.93	1.166 times
14 Wed Aug 2024	32.26	32.14	32.53	32.07	0.888 times
13 Tue Aug 2024	31.80	32.40	32.46	31.50	1.337 times
12 Mon Aug 2024	31.25	31.98	32.09	31.20	0.744 times
09 Fri Aug 2024	32.03	31.93	32.10	31.59	0.655 times
08 Thu Aug 2024	31.97	31.80	32.24	31.68	0.71 times
07 Wed Aug 2024	31.97	31.80	32.28	31.62	0.927 times
06 Tue Aug 2024	31.80	32.15	32.42	31.77	1.362 times
05 Mon Aug 2024	32.10	32.78	33.14	31.90	1.417 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 32.3, but if it comes below 32.3, then a intra day sell could be more profitable.
If you take a sell trade below 32.3, then use 32.3 as stoploss and 31.94 as target. However if you take a buy trade in stock , then use 32.3 as stoploss and 32.8 as target.

Share price targets for Hormel Foods (HRL)

Target Type	Value
Downside Target	29.98
Upside Target	32.37
Upside Target	32.53
Upside Target	32.65
Upside Target	32.98
Upside Target	33.14
Upside Target	33.73
Upside Target	35.87
Upside Target	36.86

Intraday share price targets for Hormel Foods (HRL)

Target Type	Value
Downside Intraday Target	31.53
Downside Intraday Target	30.7
Upside Intraday Target	32.86
Upside Intraday Target	33.36
Downside Intraday Target	32.03

Weekly technical analysis of Hormel Foods (HRL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	32.36	31.98	32.53	31.20	1.028 times
09 Fri Aug 2024	32.03	32.78	33.14	31.59	0.888 times
02 Fri Aug 2024	32.87	31.93	32.98	31.58	1.275 times
26 Fri Jul 2024	32.01	31.78	32.37	31.08	0.848 times
19 Fri Jul 2024	31.79	30.79	32.65	30.53	0.953 times

Price has moved up 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
16 Fri Aug 2024	32.36	32.20	33.14	31.20	0.52 times
31 Wed Jul 2024	32.11	30.59	32.65	29.98	1 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

Scroll below to view daily charts

Price has moved up 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Hormel Foods in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Hormel Foods in short term and BUY 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

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 31.97 and Hormel Foods (HRL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.