US stock / ETF

Hormel Foods Corporation

HRL · NYSE · USD

1 weekBearish92%
Weekly Downside probability 92%Bearish

HRL 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $22.3 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 34.3, MACD -0.507

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $1.2 (6.16%)

Weekly

EMA Structure

Bearish
EMA 8$20.97Bearish
EMA 21$22.3Bearish
EMA 50$23.59Bearish

Signals

CategoryReadStrength
Momentum
RSI 34.3 · MACD -0.507

Momentum is weak

Strength
Bearish
Volatility
ATR $1.2 · BB 36.69%

High volatility

Strength
Bearish
Volume
MFI 24.3 · OBV -641.02%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$19.42 - $26.6

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+42.95% · 7.0 ATR above latest close

$27.8
Nearest resistance

+36.8% · 6.0 ATR above · 34-bar high

$26.6
Current price

Price shown is delayed

$19.45
Nearest support

-0.13% · 0.0 ATR below · 34-bar low

$19.42
Deeper support zone

-6.29% · 1.0 ATR below latest close

$18.22
ATR zone

Latest close ± ATR14

$18.25 - $20.64

Indicators

Trend

Dow Theory Structure

Confirmation $19.7, invalidation $26.43

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

Trend strength is active

43.0 / 12.6 / 39.4Bearish
Supertrend (10,3)

Price is above Supertrend

$16.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$22.6 / $23.01Bearish
Donchian Channel (20)

20-period breakout channel position

0%Bearish

Volatility

ATR (14)

High volatility

$1.2 (6.16%)Bearish
Bollinger Bands (20,2)

Width 36.69%

5%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$24.55 / $19.94Bearish
ATR channel lower / upper

Current Volatility Envelope

$18.25 / $20.64Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.6Range
Support

Nearest Downside Decision Level

$19.42Range

Momentum

RSI (14)

Momentum is weak

34.3Bearish
MACD (12,26,9)

Histogram is negative

-0.507Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.4 / 5.3Bearish
Williams %R (14)

Oversold zone

-99.6Bullish
CCI (20)

Weak expansion

-131.8Bearish
TD Sequential

Exhaustion setup is near completion

buy 9Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

24.3Bearish
OBV slope

20-period OBV slope

-641.02%Bearish
Volume ratio

Relative to 20-period average volume

0.66xBearish

Trend

Dow Theory Structure

Confirmation $19.7, invalidation $26.43

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

Trend strength is active

43.0 / 12.6 / 39.4Bearish
Supertrend (10,3)

Price is above Supertrend

$16.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$22.6 / $23.01Bearish
Donchian Channel (20)

20-period breakout channel position

0%Bearish

Momentum

RSI (14)

Momentum is weak

34.3Bearish
MACD (12,26,9)

Histogram is negative

-0.507Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.4 / 5.3Bearish
Williams %R (14)

Oversold zone

-99.6Bullish
CCI (20)

Weak expansion

-131.8Bearish
TD Sequential

Exhaustion setup is near completion

buy 9Bullish

Volatility

ATR (14)

High volatility

$1.2 (6.16%)Bearish
Bollinger Bands (20,2)

Width 36.69%

5%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$24.55 / $19.94Bearish
ATR channel lower / upper

Current Volatility Envelope

$18.25 / $20.64Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

24.3Bearish
OBV slope

20-period OBV slope

-641.02%Bearish
Volume ratio

Relative to 20-period average volume

0.66xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$26.6Range
Support

Nearest Downside Decision Level

$19.42Range

Related Forecasts