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Hormel Foods Corporation (HRL) - Buy, Sell or Hold?

Sector: Consumer Non-Durables   Sub-Sector: Meat/Poultry/Fish
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Bullish EngulfingBullish EngulfingFri, 10 Nov 20172.44%
***Stock database and scans are updated around midnight (New York time) every trading day.
33.12 0.00 (0%) Nov 17 4:00pm EST
Open: 32.86 Range: 32.83 - 33.26 Vol: 1.99M Avg Vol: 2.4M
EPS: 1.62 P/E ratio: 19.23 EBITDA: 1.41B Mkt Cap: 16.45B
Analyze "HRL" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 32.91
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 31.52
Last Trade is above the 50 day moving average at 31.52
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 33.59
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of HRL

Stock Trend Analysis - Buy, Sell or Hold "Hormel Foods Corporation" (HRL)?

HRL is in a very strong downtrend. For the last 52 weeks, HRL has maintained to stay firmly below the 200 day moving average for 96% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also in a trading range with a slight bullish bias. HRL may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a strong long term downtrend with the 200 SMA currently at 33.59. Technically, there is very little reason to recommend a buy on this counter. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "HRL".

The analyst consensus estimates for the 1 year price target for this stock is $33.70* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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