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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 2024-10-08 View latest technical analysis

10 day averaged volume of Hormel Foods is 2210450

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	31.07	31.20	31.26	30.77	0.846 times
07 Mon Oct 2024	31.26	31.35	31.35	31.11	0.733 times
04 Fri Oct 2024	31.35	31.03	31.43	31.00	0.822 times
03 Thu Oct 2024	31.11	31.40	31.40	30.88	0.979 times
02 Wed Oct 2024	31.54	31.52	31.72	31.38	0.863 times
01 Tue Oct 2024	31.66	31.62	31.80	31.34	0.978 times
30 Mon Sep 2024	31.70	31.97	31.97	31.59	0.896 times
27 Fri Sep 2024	31.72	31.75	32.11	31.68	0.748 times
26 Thu Sep 2024	31.57	31.00	31.61	31.00	1.653 times
25 Wed Sep 2024	31.11	31.31	31.35	30.93	1.46 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31.2, but if it comes above 31.2, then a intra day buy could be more profitable.
If you take a sell trade below 31.2, then use 31.2 as stoploss and 30.7 as target. However if you take a buy trade in stock , then use 31.2 as stoploss and 31.65 as target.

Share price targets for Hormel Foods (HRL)

Target Type	Value
Downside Target	29.21
Downside Target	29.98
Downside Target	30.77
Upside Target	31.80
Upside Target	31.97
Upside Target	32.11
Upside Target	32.65
Upside Target	32.83
Upside Target	33.14
Upside Target	33.16

Intraday share price targets for Hormel Foods (HRL)

Target Type	Value
Downside Intraday Target	30.78
Downside Intraday Target	30.48
Upside Intraday Target	31.36
Upside Intraday Target	31.64
Downside Intraday Target	31.06

Weekly technical analysis of Hormel Foods (HRL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	31.07	31.35	31.35	30.77	0.348 times
04 Fri Oct 2024	31.35	31.97	31.97	30.88	0.803 times
27 Fri Sep 2024	31.72	31.69	32.11	30.93	0.923 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

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
08 Tue Oct 2024	31.07	31.62	31.80	30.77	0.212 times
30 Mon Sep 2024	31.70	32.55	33.16	29.21	1.138 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

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 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 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 Strong 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 weakening, and bulls 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 BUY signal in short term and the buying is gaining 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 31.4 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.