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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 2024-09-23 View latest technical analysis

10 day averaged volume of Hormel Foods is 2403910

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	31.48	31.69	31.85	31.43	0.844 times
20 Fri Sep 2024	31.77	32.12	32.20	31.63	2.717 times
19 Thu Sep 2024	32.13	32.42	32.52	31.89	0.756 times
18 Wed Sep 2024	32.40	32.39	32.83	32.28	0.707 times
17 Tue Sep 2024	32.37	32.27	32.70	32.27	0.732 times
16 Mon Sep 2024	32.53	32.35	32.61	32.26	0.712 times
13 Fri Sep 2024	32.08	31.67	32.12	31.62	0.709 times
12 Thu Sep 2024	31.62	31.21	31.65	31.07	0.998 times
11 Wed Sep 2024	31.34	32.05	32.22	31.23	0.732 times
10 Tue Sep 2024	32.22	32.46	32.54	32.14	0.883 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31.7, but if it comes above 31.7, then a intra day buy could be more profitable.
If you take a sell trade below 31.7, then use 31.7 as stoploss and 31.1 as target. However if you take a buy trade in stock , then use 31.7 as stoploss and 32.15 as target.

Share price targets for Hormel Foods (HRL)

Target Type	Value
Downside Target	29.21
Downside Target	29.98
Upside Target	32.13
Upside Target	32.57
Upside Target	32.65
Upside Target	32.83
Upside Target	33.14
Upside Target	33.16
Upside Target	36.86

Intraday share price targets for Hormel Foods (HRL)

Target Type	Value
Downside Intraday Target	31.32
Downside Intraday Target	31.17
Upside Intraday Target	31.74
Upside Intraday Target	32.01
Upside Intraday Target	31.59

Weekly technical analysis of Hormel Foods (HRL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	31.48	31.69	31.85	31.43	0.15 times
20 Fri Sep 2024	31.77	32.35	32.83	31.63	1.285 times
13 Fri Sep 2024	32.08	32.57	32.65	31.07	0.658 times
06 Fri Sep 2024	32.57	32.55	33.16	29.21	4.342 times
30 Fri Aug 2024	32.55	32.21	32.57	32.13	0.329 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
23 Mon Sep 2024	31.48	32.55	33.16	29.21	0.878 times
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

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 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 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 SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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 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 31.93 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.