US stock / ETF

Hormel Foods Corporation

HRL · NYSE · USD

1 dayBearish91%
Daily Downside probability 91%Bearish

HRL 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $21.91 and stabilize above resistance $25.47.

Invalidation Trigger

Break above $25.47 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 27.2, MACD -0.031

Daily
Volatility EnvironmentRange
Low volatility

ATR is $0.3633 (1.75%)

Daily

EMA Structure

Bearish
EMA 8$21Bearish
EMA 21$21.91Bearish
EMA 50$22.96Bearish

Signals

CategoryReadStrength
Momentum
RSI 27.2 · MACD -0.031

Momentum is weak

Strength
Bearish
Volatility
ATR $0.3633 · BB 22.10%

Low volatility

Strength
Range
Volume
MFI 27.7 · OBV -76.19%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$20.44 - $25.47

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+24.29% · 13.9 ATR above latest close

$25.83
Nearest resistance

+22.55% · 12.9 ATR above · 34-bar high

$25.47
Current price

Price shown is delayed

$20.78
Nearest support

-1.66% · 0.9 ATR below · 34-bar low

$20.44
Deeper support zone

-3.41% · 1.9 ATR below latest close

$20.07
ATR zone

Latest close ± ATR14

$20.42 - $21.14

Indicators

Trend

Dow Theory Structure

Confirmation $20.44, invalidation $22.4

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

61.4 / 18.1 / 35.4Bearish
Supertrend (10,3)

Price is above Supertrend

$19.8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$21.89 / $23.43Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Volatility

ATR (14)

Low volatility

$0.3633 (1.75%)Range
Bollinger Bands (20,2)

Width 22.10%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$22.56 / $21.14Range
ATR channel lower / upper

Current Volatility Envelope

$20.42 / $21.14Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$25.47Range
Support

Nearest Downside Decision Level

$20.44Range

Momentum

RSI (14)

Momentum is weak

27.2Bearish
MACD (12,26,9)

Histogram is negative

-0.031Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.6 / 13.0Bullish
Williams %R (14)

Oversold zone

-82.4Bullish
CCI (20)

Balanced zone

-77.7Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

27.7Bearish
OBV slope

20-period OBV slope

-76.19%Bearish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Trend

Dow Theory Structure

Confirmation $20.44, invalidation $22.4

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

61.4 / 18.1 / 35.4Bearish
Supertrend (10,3)

Price is above Supertrend

$19.8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$21.89 / $23.43Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Momentum

RSI (14)

Momentum is weak

27.2Bearish
MACD (12,26,9)

Histogram is negative

-0.031Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.6 / 13.0Bullish
Williams %R (14)

Oversold zone

-82.4Bullish
CCI (20)

Balanced zone

-77.7Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$0.3633 (1.75%)Range
Bollinger Bands (20,2)

Width 22.10%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$22.56 / $21.14Range
ATR channel lower / upper

Current Volatility Envelope

$20.42 / $21.14Range

Volume / Money Flow

MFI (14)

Money flow is weak

27.7Bearish
OBV slope

20-period OBV slope

-76.19%Bearish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$25.47Range
Support

Nearest Downside Decision Level

$20.44Range

Related Forecasts