US stock / ETF

Hormel Foods Corporation

HRL · NYSE · USD

1 weekBearish92%
Weekly Downside probability 92%Bearish

HRL 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $21.88 and stabilize above resistance $26.6.

Invalidation Trigger

Break above $26.6 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 42.2, MACD -0.237

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $1.22 (5.9%)

Weekly

EMA Structure

Bearish
EMA 8$20.8Bearish
EMA 21$21.88Bearish
EMA 50$23.25Bearish

Signals

CategoryReadStrength
Momentum
RSI 42.2 · MACD -0.237

Momentum is weak

Strength
Bearish
Volatility
ATR $1.22 · BB 40.41%

High volatility

Strength
Bearish
Volume
MFI 29.7 · OBV -218.21%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$18.96 - $26.6

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+34.96% · 5.9 ATR above latest close

$27.82
Nearest resistance

+29.06% · 4.9 ATR above · 34-bar high

$26.6
Current price

Price shown is delayed

$20.61
Nearest support

-8.01% · 1.4 ATR below · 34-bar low

$18.96
Deeper support zone

-13.91% · 2.4 ATR below latest close

$17.74
ATR zone

Latest close ± ATR14

$19.39 - $21.83

Indicators

Trend

Dow Theory Structure

Confirmation $18.96, invalidation $26.43

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

Trend strength is active

42.2 / 12.2 / 37.4Bearish
Supertrend (10,3)

Price is above Supertrend

$17.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

$21.73 / $22.78Bearish
Donchian Channel (20)

20-period breakout channel position

22%Bearish

Volatility

ATR (14)

High volatility

$1.22 (5.9%)Bearish
Bollinger Bands (20,2)

Width 40.41%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$24.35 / $19.3Bearish
ATR channel lower / upper

Current Volatility Envelope

$19.39 / $21.83Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.6Range
Support

Nearest Downside Decision Level

$18.96Range

Momentum

RSI (14)

Momentum is weak

42.2Bearish
MACD (12,26,9)

Histogram is negative

-0.237Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

22.1 / 23.2Bearish
Williams %R (14)

Neutral zone

-77.9Range
CCI (20)

Balanced zone

-65.6Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

29.7Bearish
OBV slope

20-period OBV slope

-218.21%Bearish
Volume ratio

Relative to 20-period average volume

0.48xBearish

Trend

Dow Theory Structure

Confirmation $18.96, invalidation $26.43

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

Trend strength is active

42.2 / 12.2 / 37.4Bearish
Supertrend (10,3)

Price is above Supertrend

$17.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

$21.73 / $22.78Bearish
Donchian Channel (20)

20-period breakout channel position

22%Bearish

Momentum

RSI (14)

Momentum is weak

42.2Bearish
MACD (12,26,9)

Histogram is negative

-0.237Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

22.1 / 23.2Bearish
Williams %R (14)

Neutral zone

-77.9Range
CCI (20)

Balanced zone

-65.6Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$1.22 (5.9%)Bearish
Bollinger Bands (20,2)

Width 40.41%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$24.35 / $19.3Bearish
ATR channel lower / upper

Current Volatility Envelope

$19.39 / $21.83Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

29.7Bearish
OBV slope

20-period OBV slope

-218.21%Bearish
Volume ratio

Relative to 20-period average volume

0.48xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.6Range
Support

Nearest Downside Decision Level

$18.96Range

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