US stock / ETF

Hormel Foods Corporation

HRL · NYSE · USD

1 dayBullish79%
Daily Upside probability 79%Bullish

HRL 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $18.96 and reclaim $21.38.

Invalidation Trigger

Lose $18.96 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 50.2, MACD 0.187

Daily
Volatility EnvironmentRange
Low volatility

ATR is $0.4348 (2.12%)

Daily

EMA Structure

Range
EMA 8$20.68Bearish
EMA 21$20.47Bullish
EMA 50$21.08Bearish

Signals

CategoryReadStrength
Momentum
RSI 50.2 · MACD 0.187

Neutral zone

Strength
Bullish
Volatility
ATR $0.4348 · BB 12.47%

Low volatility

Strength
Range
Volume
MFI 59.4 · OBV -7.47%

Relative to 20-period average volume

Strength
Range
Price Levels
$18.96 - $21.38

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+6.15% · 2.9 ATR above latest close

$21.81
Nearest resistance

+4.04% · 1.9 ATR above · 34-bar high

$21.38
Current price

Price shown is delayed

$20.55
Nearest support

-7.74% · 3.7 ATR below · 34-bar low

$18.96
Deeper support zone

-9.85% · 4.7 ATR below latest close

$18.53
ATR zone

Latest close ± ATR14

$20.12 - $20.98

Indicators

Trend

Dow Theory Structure

Confirmation $21.38, invalidation $20.1

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

28.1 / 42.0 / 21.1Bullish
Supertrend (10,3)

Price is above Supertrend

$19.19Bullish
Ichimoku Cloud

Cloud Span A / Span B

$20.46 / $21.9Bearish
Donchian Channel (20)

20-period breakout channel position

66%Range

Volatility

ATR (14)

Low volatility

$0.4348 (2.12%)Range
Bollinger Bands (20,2)

Width 12.47%

65%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$21.4 / $19.53Range
ATR channel lower / upper

Current Volatility Envelope

$20.12 / $20.98Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$21.38Range
Support

Nearest Downside Decision Level

$18.96Range

Momentum

RSI (14)

Neutral zone

50.2Range
MACD (12,26,9)

Histogram is positive

0.187Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.7 / 77.1Bearish
Williams %R (14)

Neutral zone

-34.3Range
CCI (20)

Balanced zone

56.8Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

59.4Bullish
OBV slope

20-period OBV slope

-7.47%Bearish
Volume ratio

Relative to 20-period average volume

0.31xBearish

Trend

Dow Theory Structure

Confirmation $21.38, invalidation $20.1

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

28.1 / 42.0 / 21.1Bullish
Supertrend (10,3)

Price is above Supertrend

$19.19Bullish
Ichimoku Cloud

Cloud Span A / Span B

$20.46 / $21.9Bearish
Donchian Channel (20)

20-period breakout channel position

66%Range

Momentum

RSI (14)

Neutral zone

50.2Range
MACD (12,26,9)

Histogram is positive

0.187Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.7 / 77.1Bearish
Williams %R (14)

Neutral zone

-34.3Range
CCI (20)

Balanced zone

56.8Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$0.4348 (2.12%)Range
Bollinger Bands (20,2)

Width 12.47%

65%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$21.4 / $19.53Range
ATR channel lower / upper

Current Volatility Envelope

$20.12 / $20.98Range

Volume / Money Flow

MFI (14)

Money flow is strong

59.4Bullish
OBV slope

20-period OBV slope

-7.47%Bearish
Volume ratio

Relative to 20-period average volume

0.31xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$21.38Range
Support

Nearest Downside Decision Level

$18.96Range

Related Forecasts