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Stock Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

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.

NYSE_HRL
Open High Low HRL Price Change
38.16 38.51 37.98 38.47 +0.23
Entry Signal

MarketClub’s Trade Triangles for HRL

long term down The long-term trend has been DOWN since Jun 2nd, 2022 at 46.530

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2023 at 39.550

short term down The short-term trend has been DOWN since May 23rd, 2023 at 38.725

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).

-90
Smart Scan Analysis for HRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.16 38.51 37.98 38.47 +0.23
Prev. Close Volume Bid Ask Time
38.47 1953085 2023-05-26 15:59:55
Year High46.26Year High Date2018-11-19
Year Low31.71Year Low Date2018-02-06
52wk High51.6952wk High Date2022-08-26
52wk Low37.77552wk Low Date2023-03-23
Year End Close31.21Average Volume1,991,851
Shares Outstanding546,533Short Interest6,833,391
% Institutional82.2Market Cap23,777M
Assets132,830,470MLiabilities566,914,300M
P/E Ratio21.4916Beta0.45
Volatility18.84
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