US stock / ETF

Hormel Foods Corporation

HRL · NYSE · USD

1 weekBearish71%
Weekly Downside probability 71%Bearish

HRL 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $23.82 and stabilize above resistance $26.6.

Invalidation Trigger

Break above $26.6 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 38.5, MACD -0.110

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $1.57 (7.39%)

Weekly

EMA Structure

Range
EMA 8$23.82Bearish
EMA 21$23.82Bearish
EMA 50$24.45Bearish

Signals

CategoryReadStrength
Momentum
RSI 38.5 · MACD -0.110

Momentum is weak

Strength
Bearish
Volatility
ATR $1.57 · BB 33.06%

High volatility

Strength
Bearish
Volume
MFI 61.7 · OBV -7.15%

Relative to 20-period average volume

Strength
Range
Price Levels
$19.7 - $26.6

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+32.45% · 4.4 ATR above latest close

$28.17
Nearest resistance

+25.06% · 3.4 ATR above · 34-bar high

$26.6
Current price

Price shown is delayed

$21.27
Nearest support

-7.38% · 1.0 ATR below · 34-bar low

$19.7
Deeper support zone

-14.78% · 2.0 ATR below latest close

$18.13
ATR zone

Latest close ± ATR14

$19.7 - $22.84

Indicators

Trend

Dow Theory Structure

Confirmation $19.7, invalidation $26.43

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

Trend strength is active

40.3 / 33.9 / 19.0Bullish
Supertrend (10,3)

Price is above Supertrend

$17.95Bullish
Ichimoku Cloud

Cloud Span A / Span B

$23.51 / $23.15Bearish
Donchian Channel (20)

20-period breakout channel position

23%Bearish

Volatility

ATR (14)

High volatility

$1.57 (7.39%)Bearish
Bollinger Bands (20,2)

Width 33.06%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$26.96 / $20.69Bearish
ATR channel lower / upper

Current Volatility Envelope

$19.7 / $22.84Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.6Range
Support

Nearest Downside Decision Level

$19.7Range

Momentum

RSI (14)

Momentum is weak

38.5Bearish
MACD (12,26,9)

Histogram is negative

-0.110Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

7.8 / 46.1Bearish
Williams %R (14)

Oversold zone

-92.2Bullish
CCI (20)

Balanced zone

-46.8Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

61.7Bullish
OBV slope

20-period OBV slope

-7.15%Bearish
Volume ratio

Relative to 20-period average volume

1.52xBullish

Trend

Dow Theory Structure

Confirmation $19.7, invalidation $26.43

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

Trend strength is active

40.3 / 33.9 / 19.0Bullish
Supertrend (10,3)

Price is above Supertrend

$17.95Bullish
Ichimoku Cloud

Cloud Span A / Span B

$23.51 / $23.15Bearish
Donchian Channel (20)

20-period breakout channel position

23%Bearish

Momentum

RSI (14)

Momentum is weak

38.5Bearish
MACD (12,26,9)

Histogram is negative

-0.110Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

7.8 / 46.1Bearish
Williams %R (14)

Oversold zone

-92.2Bullish
CCI (20)

Balanced zone

-46.8Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$1.57 (7.39%)Bearish
Bollinger Bands (20,2)

Width 33.06%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$26.96 / $20.69Bearish
ATR channel lower / upper

Current Volatility Envelope

$19.7 / $22.84Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

61.7Bullish
OBV slope

20-period OBV slope

-7.15%Bearish
Volume ratio

Relative to 20-period average volume

1.52xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.6Range
Support

Nearest Downside Decision Level

$19.7Range

Related Forecasts