Technical Analysis for HRL - Hormel Foods Corporation

Grade Last Price % Change Price Change
grade D 41.78 0.38% 0.16
HRL closed up 0.38 percent on Tuesday, November 12, 2019, on 64 percent of normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Earnings due: Nov 26

*** please verify all earnings dates ***

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Flat Down Up
See historical HRL trend table...

Date Alert Name Type % Chg
Crossed Above 200 DMA Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Overbought Stochastic Strength 0.00%
Fell Below 200 DMA Bearish 0.38%
Weak + Overbought Other 0.38%
Overbought Stochastic Strength 0.38%
Crossed Above 200 DMA Bullish -0.45%
Above Upper BB Strength -0.45%
Overbought Stochastic Strength -0.45%
Upper Bollinger Band Touch Strength -0.45%

Older signals for HRL ...

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Basic chart:
Profile
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.
Food Products Grocery Store Food Industry American Brands Minnesota Nutrition Products Nutritional Products Meat Austin Ready To Drink Products Fred's Frozen Foods Pepper Products Tortilla Chips
Is HRL a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 46.26
52 Week Low 38.44
Average Volume 2,049,583
200-Day Moving Average 41.6789
50-Day Moving Average 42.1951
20-Day Moving Average 41.0932
10-Day Moving Average 41.4913
Average True Range 0.5064
ADX 20.53
+DI 17.3448
-DI 18.8636
Chandelier Exit (Long, 3 ATRs ) 40.4608
Chandelier Exit (Short, 3 ATRs ) 41.7642
Upper Bollinger Band 42.0526
Lower Bollinger Band 40.1338
Percent B (%b) 0.86
BandWidth 4.669386
MACD Line -0.0592
MACD Signal Line -0.2238
MACD Histogram 0.1646
Fundamentals Value
Market Cap 22.06 Billion
Num Shares 528 Million
EPS 1.62
Price-to-Earnings (P/E) Ratio 25.79
Price-to-Sales 1.72
Price-to-Book 3.37
PEG Ratio 12.02
Dividend 0.68
Dividend Yield 1.63%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 42.47
Resistance 3 (R3) 42.40 42.09 42.36
Resistance 2 (R2) 42.09 41.92 42.13 42.32
Resistance 1 (R1) 41.94 41.81 42.02 42.01 42.28
Pivot Point 41.63 41.63 41.67 41.67 41.63
Support 1 (S1) 41.48 41.46 41.56 41.55 41.28
Support 2 (S2) 41.17 41.35 41.21 41.24
Support 3 (S3) 41.02 41.17 41.21
Support 4 (S4) 41.09