Stock Analysis: Hormel Foods Corp (HRL)

Stock Analysis for Hormel Foods Corp (HRL)

The Interpreter
Hey Friend, I'm analysing HORMEL FOODS CORP (HRL), and it is between the Support of $ 33.93 (PivotS2) and the Resistance of $ 34.32 (PivotS1). The stock is also approaching the line of PivotS2 at $ 33.93, and if it goes below this line it could reach the next Support of Triangle projection at $33.15. Since it is nailed exactly on the line of $ 33.93, we should wait for another day to better understand which side the stock will move to.

Hormel Foods Corp (HRL)

$ 35.32 +0.1%

Last Close 26-Apr-24

Trade HRL Now

Supports

Next Support: $ 33.93

Pivot S2: $ 33.93
Fibonacci 100%: $ 30.87
Triangle Level (0): $ 33.15

Resistances

Next Resistance: $ 34.32

Pivot S1: $ 34.32
Fibonacci 61.8%: $ 34.40
Triangle Level (3): $ 35.33

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 10 Apr 2024	Sell Price: 34.77	Profit: Open Day2 ($ 34.63)	Abandoned Baby	Sell
002 08 Apr 2024	Buy Price: 35.11	Profit: Open Day1 ($ 35.17)	Engulfing	Buy
003 13 Dec 2023	Buy Price: 32.70	Profit: Open Day1 ($ 32.78)	Engulfing	Buy
004 06 Dec 2023	Buy Price: 31.90	Profit: Open Day1 ($ 32.00)	Engulfing	Buy
005 31 Jul 2023	Sell Price: 40.88	Profit: Close Day1 ($ 40.59)	Engulfing	Sell
006 13 Jun 2023	Sell Price: 40.83	Loss: Close Day2 ($ 41.30)	Abandoned Baby	Sell
007 13 Jun 2023	Buy Price: 40.84	Profit: Open Day1 ($ 41.06)	Piercing Line	Buy
008 31 May 2023	Sell Price: 38.25	Loss: Close Day2 ($ 40.77)	Dark Cloud Cover	Sell
009 11 May 2023	Buy Price: 40.29	Profit: Open Day2 ($ 40.31)	Abandoned Baby	Buy
010One Year Average	Both Sides Result for 9 Signals	Loss: $ -2.08 ($ -0.23 / Signal) -5.6% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for HRL Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	35.30	BUY	2	35.32	SELL
3	35.40	SELL	3	35.30	BUY
5	35.29	BUY	5	35.20	BUY
8	34.95	BUY	8	35.06	BUY
13	34.69	BUY	13	34.91	BUY
21	34.82	BUY	21	34.71	BUY
34	34.62	BUY	34	34.33	BUY
55	33.31	BUY	55	33.81	BUY
90	32.52	BUY	90	33.53	BUY
200	34.52	BUY	200	34.82	BUY

Company Info +

Name & IPO

Hormel Foods Corp
IPO: 1990-01-16

Stock Ticker & Exchange

Ticker: HRLIndices: S&P 500,
Exchange: New York Stock Exchange, Inc. (US - USD)

Contact

Website: https://www.hormelfoods.com/
Phone:

Stock Type

Common Stock

SIC Office

Manufacturing ()

Industry

Meat Packing Plants

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.