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Hormel Foods $HRL Technical Update

The Hormel Foods (NYSE: HRL) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for HRL, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Technical Summary

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 40.10 38.73 38.20
P2 41.04 41.23 40.26
P3 41.74 43.68 42.31
Triggers may have already come
Support and Resistance Plot Chart for HRL

Long Term Trading Plans for HRL

October 19, 2018, 4:00 am ET

The Technical Summary and Trading Plans for HRL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HRL Report.

HRL - (Long) Support Plan

Buy over 40.26 target 42.31 stop loss @ 40.
The technical summary data tells us to buy HRL near 40.26 with an upside target of 42.31. This data also tells us to set a stop loss @ 40 to protect against excessive loss in case the stock begins to move against the trade. 40.26 is the first level of support below 41.12 , and by rule, any test of support is a buy signal. In this case, support 40.26 is being tested, a buy signal would exist.

HRL - (Short) Resistance Plan

Short under 42.31 target 40.26 stop loss @ 42.57
The technical summary data is suggesting a short of HRL as it gets near 42.31 with a downside target of 40.26. We should have a stop loss in place at 42.57 though. 42.31 is the first level of resistance above 41.12, and by rule, any test of resistance is a short signal. In this case, if resistance 42.31 is being tested, a short signal would exist.


HRL Long Term Analysis


HRL EPS Analysis

HRL Dividend Chart

HRL Revenue chart

HRL Growth rate - Quarterly

HRL Growth rate - Yearly

HRL PE chart

HRL PEG chart