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Stock Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
Hormel Foods Corporation (NYSE:HRL)
Bull Market Weakness (+75) - HRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HRL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for HRL
The long-term trend has been UP since Feb 29th, 2024 at 33.68
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 33.95
The short-term trend has been UP since Apr 18th, 2024 at 34.30
Smart Scan Analysis for HRL
Based on our trend formula, HRL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.480 | 34.790 | 34.365 | 34.705 | +0.325 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.740 | 1172044 | 2024-04-19 15:59:34 |
| Year High | 46.26 | Year High Date | 2018-11-19 |
| Year Low | 31.71 | Year Low Date | 2018-02-06 |
| 52wk High | 41.73 | 52wk High Date | 2023-08-14 |
| 52wk Low | 28.51 | 52wk Low Date | 2024-02-14 |
| Year End Close | 31.21 | Average Volume | 2,558,301 |
| Shares Outstanding | 547,688 | Short Interest | 6,833,391 |
| % Institutional | 82.2 | Market Cap | 23,777M |
| Assets | 135,129,830M | Liabilities | 566,887,200M |
| P/E Ratio | 23.548 | Beta | 0.45 |
| Volatility | 18.84 |