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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 2024-08-30 View latest technical analysis

10 day averaged volume of Hormel Foods is 1975280

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	32.55	32.21	32.57	32.13	1.863 times
30 Fri Aug 2024	32.55	32.21	32.57	32.13	1.863 times
29 Thu Aug 2024	32.19	32.59	32.71	32.08	0.911 times
28 Wed Aug 2024	32.39	32.21	32.55	32.10	1.1 times
27 Tue Aug 2024	32.21	32.38	32.40	32.03	0.867 times
26 Mon Aug 2024	32.36	32.00	32.42	31.90	0.928 times
23 Fri Aug 2024	31.88	32.21	32.43	31.81	1.178 times
22 Thu Aug 2024	31.95	32.50	32.50	31.80	0.837 times
21 Wed Aug 2024	32.44	32.50	32.68	32.28	0.772 times
20 Tue Aug 2024	32.33	32.59	32.59	32.16	0.823 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 32.5, but if it comes below 32.5, then a intra day sell could be more profitable.
If you take a sell trade below 32.5, then use 32.5 as stoploss and 32.15 as target. However if you take a buy trade in stock , then use 32.5 as stoploss and 32.9 as target.

Share price targets for Hormel Foods (HRL)

Target Type	Value
Downside Target	29.98
Downside Target	31.20
Upside Target	32.57
Upside Target	32.65
Upside Target	32.71
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	32.26
Downside Intraday Target	31.98
Upside Intraday Target	32.7
Upside Intraday Target	32.86
Downside Intraday Target	32.42

Weekly technical analysis of Hormel Foods (HRL)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	32.55	32.21	32.57	32.13	0.329 times
30 Fri Aug 2024	32.55	32.00	32.71	31.90	1.309 times
23 Fri Aug 2024	31.88	32.35	32.71	31.80	0.796 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

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
30 Fri Aug 2024	32.55	32.20	33.14	31.20	1.018 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 Strong and stock is gaining 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 coming down

CCI has generated a SELL signal for Hormel Foods in short term

RSI is generating a SELL signal in short term but selling is losing 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 32.32 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 rising upwards.

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.