Since an ATH of $55.11 in April of 2022, HRL has declined -47%.
HRL has never been priced below its monthly 200MA.
If HRL produces positive ERs on Thursday 2/29, it could be set up for a solid technical bounce from its monthly 200MA.
Monthly oversold RSI... If monthly 200 support ultimately fails, I'll be watching the yearly S1 pivot area as next possible support.
Hormel Foods Corporation (NYSE: HRL), a distinguished brand in the food processing sector, has been under the lens of investors and traders alike due to its recent price actions. A meticulous examination of the technical charts reveals a narrative of a stock at a critical juncture, hinting at a potential momentum shift in the near term.
Fundamental Analysis:
In...
NYSE:HRL Bear Flag Weekly Chart The technical analysis of a bear flag pattern on the weekly chart of Hormel Foods Corporation (ticker symbol: NYSE:HRL ) reveals a potentially bearish trend continuation signal. A bear flag is a price pattern characterized by a sharp downward move (the flagpole) followed by a period of consolidation marked by parallel trendlines...
HRL long position. It looks like it's ready to move and I got the signal for long position.
Market touched a lower Lin Reg and below MACD on H4.
Confirmation on H1 to take long position with 2 TP.
Tp1 at $40.40 and 2nd at $42.
SL at $38.63.
Warning!!!!
This content should not be interpreted as financial advice
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 40.4/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
#HRL has created a Daily bearish flat with trend continuation setups on the lower degree at the presumed end of the C wave.
These are great entries for jumping in on the start of a large wave.
Hormel Foods is trading within a Falling Wedge as it Bullishly Diverges at the PCZ and the Earningss Date approaches.
There is also a Bullish Piercing Line on the Daily right now.
HRL appears to be completing a three drives pattern on the monthly. It's hasn't seen its monthly 200 SMA in forever, literally. Insiders are happy to sell to you. It's consolidating tightly between the 20 and 50 EMAs. A break below 44 would be the signal. First target 39 then 36 and 30. After the break of 44, stop would be a weekly close above 46.
In this forecast im sharing my short perspective of HRL while
i see all the prior packaged foods consumer defensive going long
I see resistance from the trendline as well as the level where it lies
as for the rest strategy secret
SENNA SEASON
The PEAD projected a Bearish outlook for $HRL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
The PEAD projected a Bearish outlook for $HRL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 77.78%.
The PEAD projected a Bearish outlook for $HRL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
Short scalp $HRL .Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF breaches today's low of $47.06 during tomorrow's session.
The PEAD projected a Bullish outlook for $HRL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $51.77
Target Price: $52.20
Stop Loss: $51.04
