Hormel Foods is on a tear. After being trapped under 43.54 for a few sessions it ripped higher blowing right through the most significant of the Aspen S/R Levels (Purple) and went right Red @ 48.84. Use any consolidation or pull-backs to go long with an upside target at 51.07 FYI: all the lines on this chart have been here all year - no drawing in lines after...
HRL goes up every December! Hormel Foods Corp. engages in the production of meat and food products. It operates through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. The Chart speaks volumes!
Oversold on RSI dailies, retesting March 2020 lows (and really December 2018 correction). PT $41.50 / $42.30 / $43.50. SL $40.20. Entry $40.85. Plenty of room for a wider stop, and if you're a time traveler (or already in a position) a better entry. Hoping HRL turns around since I'm holding shares, but no real guestimate on timespan to do so. Fundamentals look...
Hormel is in a remarkably consistent long-term channel up, and broke through to the underside for the first time. If it's gonna fall, it'll fall, but I would be surprised if, before doing so, it didn't retest the bottom of the channel by EOY. I'll be watching for slowing downward momentum. Also, if there's a market crash, everyone'll go to walmart and stock up on...
This may be a profitable long shot. Hormel Foods (HRL) is at an interesting juncture. Basically HRL has retraced 50% of the 4 year run-up from October 2017. A Harmonic pattern would suggest a possible pause and reversal here. Additionally CD is a 1.41 extension of the AB leg which is marked. 2 caveats: 1) This is a weekly chart and could take a while to to...
HRL fell below is 200 daily moving average which shows its in a downtrend. If we zoom out a little further to the weekly chart, we can see where its tested this support several times. Its fallen outside of the lower Bollinger Band on both the daily and weekly chart. I am a mean reversion trader and I think we may find support here. I am long leaps with leaps here.
my idea in HRL, im short in this stock. great RR .
This idea is based on my technical analysis only. Do your research and trade on your own risk!
This idea is based on my technical analysis only. Do your research and trade on your own risk!
NOT FIANANCIAL ADVICE! Bounce off major support with CBD on the 4hr and Daily. Wanted conformation on the bounce and got it on a bad day in the market. Given conditions of the market manage your risk/tolerance.
$HRL posted its earnings with a negative under reaction following its release. The PEAD projected a bearish outlook for the stock placing it in Drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Based on my analysis: 1. HRL breakout from trendline with high volume. 2. MACD line entered below 0 level. 3. Thus, HRL will go down to 45.90-45.80 USD. Syeikh Hafiz Stock Market Analyst
$49 has been an important price level since mid-Feb when it provided resistance for an all time high. The same $49 level provided strong resistance for the rising wedge , except for a couple of fakeouts marking $51.50 as the new all time high. Both levels have remained important. $49 was retested shortly after the breakout of the rising wedge . $51.50 provided...
Show Me the Money! 16 June, 2020, by Vladimir Rojankovski, Grand Capital Chief Analyst Hormel Foods (HRL) performed well in the index correction episode of the end of last week, losing only 2.4% (two point four per cent) in its lowest point against the 6%+ (six percent plus) index correction. That said, HRL remains a defensive stock with a Beta coefficient of...
Based on their median growth I am happy with their performance and trust they will grow slowly but strongly just like their dividends
Hello traders, for a few days the buyers have responded, it may be that the market returns ... Please LIKE & FOLLOW, thank you !
With all the BS going on. The one thing I can be certain about is that this goes up. The only thing people are buying is food and I know how much Americans need their packaged meat. They shut down a couple factories due to covid, but they are on track to have a strong year and I would want to hold this stock thru earnings.
HRL is a strong stock, and has made three pushes to the downside. It is at the third push to the downside, at a point of critical support. I have drawn a line from prior support from price action and volume profile where I believe buyers will step in. There is divergence between price action and the CCI (10) indicator and weak divergence between price action and...