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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.

10 day averaged volume of Hormel Foods is 2864340

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 34.89 34.95 35.12 34.77 0.794 times
27 Wed Mar 2024 34.85 34.49 34.86 34.49 1.3 times
26 Tue Mar 2024 34.35 34.37 34.62 34.28 0.954 times
25 Mon Mar 2024 34.22 34.44 34.50 34.14 0.567 times
22 Fri Mar 2024 34.38 34.40 34.45 34.13 0.553 times
21 Thu Mar 2024 34.26 34.48 34.66 34.25 0.724 times
20 Wed Mar 2024 34.50 34.61 34.70 34.29 0.78 times
19 Tue Mar 2024 34.48 34.35 34.55 34.16 0.766 times
18 Mon Mar 2024 34.35 34.00 34.86 33.95 1.326 times
15 Fri Mar 2024 34.14 33.53 34.17 33.41 1.886 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 35, for a target of 34.6 or 34.22

Share price targets for Hormel Foods (HRL)

Target Type Value
Downside Target 28.51
Downside Target 30.12
Downside Target 32.85
Downside Target 34.14
Downside Target 34.55
Downside Target 34.58
Downside Target 34.86
Upside Target 35.12
Upside Target 35.35
Upside Target 36.00

Intraday share price targets for Hormel Foods (HRL)

Target Type Value
Downside Intraday Target 34.31
Downside Intraday Target 33.74
Upside Intraday Target 35.29
Upside Intraday Target 35.7
Downside Intraday Target 34.72

Weekly technical analysis of Hormel Foods (HRL)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 34.89 34.44 35.12 34.14 0.871 times
22 Fri Mar 2024 34.38 34.00 34.86 33.95 0.735 times
15 Fri Mar 2024 34.14 34.01 34.58 33.41 1.129 times
08 Fri Mar 2024 34.11 33.32 34.55 33.25 0.437 times
01 Fri Mar 2024 33.37 30.52 36.00 30.26 2.294 times

Price has moved up 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
28 Thu Mar 2024 34.89 35.32 35.35 33.20 0.735 times
29 Thu Feb 2024 35.32 30.26 36.00 28.51 1.324 times
31 Wed Jan 2024 30.37 32.09 33.02 30.15 1.132 times
29 Fri Dec 2023 32.11 30.59 32.85 30.55 0.669 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 neutral. A longer time frame might give a better analysis.

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 SELL signal for Hormel Foods in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Hormel Foods Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Hormel Foods in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 34.43 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 is giving positive 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 neutral. A longer time frame might give a better analysis.

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 SELL signal for Hormel Foods in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Hormel Foods Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Hormel Foods in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 34.43 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 is giving positive 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.

Daily charts

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Daily chart
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