(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 2024-08-22 View latest technical analysis
10 day averaged volume of Hormel Foods is 1812960
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Thu Aug 2024 | 31.95 | 32.50 | 32.50 | 31.80 | 0.912 times |
| 21 Wed Aug 2024 | 32.44 | 32.50 | 32.68 | 32.28 | 0.841 times |
| 20 Tue Aug 2024 | 32.33 | 32.59 | 32.59 | 32.16 | 0.896 times |
| 19 Mon Aug 2024 | 32.68 | 32.35 | 32.71 | 32.26 | 0.787 times |
| 16 Fri Aug 2024 | 32.36 | 31.95 | 32.40 | 31.85 | 1.226 times |
| 15 Thu Aug 2024 | 32.02 | 32.34 | 32.49 | 31.93 | 1.325 times |
| 14 Wed Aug 2024 | 32.26 | 32.14 | 32.53 | 32.07 | 1.009 times |
| 13 Tue Aug 2024 | 31.80 | 32.40 | 32.46 | 31.50 | 1.519 times |
| 12 Mon Aug 2024 | 31.25 | 31.98 | 32.09 | 31.20 | 0.845 times |
| 09 Fri Aug 2024 | 32.03 | 31.93 | 32.10 | 31.59 | 0.745 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 31.8 as stoploss in an intra day buy trade for a target of 32.12. However, stock will show a bearish move below 31.8.
Share price targets for Hormel Foods (HRL)
| Target Type | Value |
| Downside Target | 29.98 |
| Upside Target | 32.53 |
| Upside Target | 32.65 |
| Upside Target | 32.71 |
| 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 | 31.6 |
| Downside Intraday Target | 31.24 |
| Upside Intraday Target | 32.51 |
| Upside Intraday Target | 33.06 |
| Upside Intraday Target | 32.15 |
Weekly technical analysis of Hormel Foods (HRL)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Thu Aug 2024 | 31.95 | 32.35 | 32.71 | 31.80 | 0.58 times |
| 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 |
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 |
| 22 Thu Aug 2024 | 31.95 | 32.20 | 33.14 | 31.20 | 0.652 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 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 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 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 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 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 losing momentum.
MACD generated a BUY signal for Hormel Foods in short term and the buy signal is strong.
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 tired and bears are picking up momentum.
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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 32.1 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 positive
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 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 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 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 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 losing momentum.
MACD generated a BUY signal for Hormel Foods in short term and the buy signal is strong.
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 tired and bears are picking up momentum.
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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 32.1 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.