Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hormel Foods Corporation (NYSE:HRL)
Long-Term Downtrend (-90) - HRL is in a strong downtrend that is likely to continue. While HRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for HRL
The long-term trend has been DOWN since Jun 5th, 2024 at 30.510
The intermediate-term trend has been DOWN since Oct 29th, 2024 at 30.765
The short-term trend has been DOWN since Nov 15th, 2024 at 30.040
Smart Scan Analysis for HRL
Based on our trend formula, HRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 29.150 | 29.765 | 29.090 | 29.755 | +0.355 |
| Prev. Close | Volume | Bid | Ask | Time |
| 29.730 | 1422601 | 2024-11-19 15:59:33 |
| Year High | 46.26 | Year High Date | 2018-11-19 |
| Year Low | 31.71 | Year Low Date | 2018-02-06 |
| 52wk High | 36.86 | 52wk High Date | 2024-05-20 |
| 52wk Low | 28.51 | 52wk Low Date | 2024-02-14 |
| Year End Close | 31.21 | Average Volume | 2,206,882 |
| Shares Outstanding | 548,364 | Short Interest | 6,833,391 |
| % Institutional | 82.2 | Market Cap | 23,777M |
| Assets | 131,137,810M | Liabilities | 524,666,200M |
| P/E Ratio | 20.7042 | Beta | 0.45 |
| Volatility | 18.84 |