Technical Analysis for HRL - Hormel Foods Corporation

Grade Last Price % Change Price Change
A 35.60 1.31% 0.46
HRL closed up 1.31 percent on Wednesday, April 24, 2024, on 69 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Outside Day Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Gapped Down Weakness 0.00%
NR7 Range Contraction 1.31%

   Recent Intraday Alerts

Alert Time
20 DMA Support about 13 hours ago
Up 1% about 13 hours ago
Rose Above Upper Bollinger Band about 15 hours ago
Rose Above Previous Day's High about 15 hours ago
Outside Day about 15 hours ago

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Profile

Hormel Foods Corporation Description

Hormel Foods Corporation processes, markets, and sells consumer-branded meat and food products. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. The Grocery Products segment offers shelf-stable food products, including canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, meat spreads, flour and corn tortillas, salsas, and tortilla chips in the retail market. The Refrigerated Foods segment provides branded and unbranded pork and beef products for retail, foodservice, and fresh product customers. The Jennie-O Turkey Store segment offers branded and unbranded turkey products for retail, foodservice, and fresh product customers. The Specialty Foods segment is involved in the packaging and sale of various sugar and sugar substitute products, salt and pepper products, liquid portion products, dessert mixes, ready-to-drink products, sports nutrition products, gelatin products, and private label canned meats to retail and foodservice customers. This segment also processes, markets, and sells nutritional food products and supplements to hospitals, nursing homes, and other marketers of nutritional products. The International and Other segment manufactures, markets, and sells its products internationally. Hormel Foods Corporation sells its products through sales personnel, as well as through independent brokers and distributors primarily in the United States, Australia, Canada, China, England, Japan, Mexico, Micronesia, the Philippines, and South Korea. The company was formerly known as George A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is based in Austin, Minnesota.


Classification

Sector: Consumer Defensive
Industry: Packaged Foods
Keywords: S&P 500 Drink Food Products Grocery Store Microwave Food Industry Flour Meals Beef Nutrition Products Grocery Products Nutritional Products Meat Pork Specialty Foods Sugar Substitute Salsa Sports Nutrition Drink Products Ready To Drink Products Fred's Frozen Foods Pepper Products Tortilla Chips Turkey Products

Is HRL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 40.6793
52 Week Low 28.2796
Average Volume 3,197,718
200-Day Moving Average 33.97
50-Day Moving Average 33.24
20-Day Moving Average 34.61
10-Day Moving Average 34.54
Average True Range 0.59
RSI (14) 65.99
ADX 31.1
+DI 25.66
-DI 17.33
Chandelier Exit (Long, 3 ATRs) 33.91
Chandelier Exit (Short, 3 ATRs) 35.50
Upper Bollinger Bands 35.51
Lower Bollinger Band 33.72
Percent B (%b) 1.05
BandWidth 5.19
MACD Line 0.42
MACD Signal Line 0.39
MACD Histogram 0.0209
Fundamentals Value
Market Cap 19.47 Billion
Num Shares 547 Million
EPS 1.45
Price-to-Earnings (P/E) Ratio 24.55
Price-to-Sales 1.33
Price-to-Book 2.05
PEG Ratio 4.27
Dividend 1.10
Dividend Yield 3.09%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 37.21
Resistance 3 (R3) 37.05 36.37 36.94
Resistance 2 (R2) 36.37 35.96 36.44 36.85
Resistance 1 (R1) 35.98 35.71 36.18 36.14 36.76
Pivot Point 35.30 35.30 35.39 35.37 35.30
Support 1 (S1) 34.91 34.89 35.11 35.07 34.44
Support 2 (S2) 34.23 34.64 34.30 34.35
Support 3 (S3) 33.84 34.23 34.26
Support 4 (S4) 34.00