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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 2024-10-31 View latest technical analysis

10 day averaged volume of Hormel Foods is 1791750

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	30.55	30.60	30.80	30.41	2.04 times
30 Wed Oct 2024	30.62	30.67	30.89	30.58	1.084 times
29 Tue Oct 2024	30.69	30.87	31.06	30.62	1.347 times
28 Mon Oct 2024	30.94	31.13	31.34	30.87	0.9 times
25 Fri Oct 2024	31.06	31.20	31.44	31.04	0.655 times
24 Thu Oct 2024	31.09	31.27	31.47	31.08	0.772 times
23 Wed Oct 2024	31.19	30.97	31.27	30.88	0.732 times
22 Tue Oct 2024	31.09	31.31	31.31	30.91	0.787 times
21 Mon Oct 2024	31.32	31.72	31.88	31.25	1.049 times
18 Fri Oct 2024	32.19	31.64	32.21	31.33	1.594 times

Stock of Hormel Foods (HRL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 30.8, but if it comes above 30.8, then a intra day buy could be more profitable.
If you take a sell trade below 30.8, then use 30.8 as stoploss and 30.4 as target. However if you take a buy trade in stock , then use 30.8 as stoploss and 31.13 as target.

Share price targets for Hormel Foods (HRL)

Target Type	Value
Downside Target	29.21
Downside Target	29.98
Upside Target	31.35
Upside Target	31.40
Upside Target	31.88
Upside Target	31.97
Upside Target	32.21
Upside Target	32.65
Upside Target	33.14
Upside Target	33.16

Intraday share price targets for Hormel Foods (HRL)

Target Type	Value
Downside Intraday Target	30.19
Downside Intraday Target	29.84
Upside Intraday Target	31.12
Upside Intraday Target	31.7
Upside Intraday Target	30.77

Weekly technical analysis of Hormel Foods (HRL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	30.55	31.13	31.34	30.41	1.344 times
25 Fri Oct 2024	31.06	31.72	31.88	30.88	0.671 times
18 Fri Oct 2024	32.19	31.14	32.21	30.91	1.196 times
11 Fri Oct 2024	31.08	31.35	31.35	30.77	0.89 times
04 Fri Oct 2024	31.35	31.97	31.97	30.88	0.803 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
31 Thu Oct 2024	30.55	31.62	32.21	30.41	0.815 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 31.07 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.