US stock / ETF

Hormel Foods Corporation

HRL · NYSE · USD

4 hoursBearish84%
4h Downside probability 84%Bearish

HRL 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $20.75 and stabilize above resistance $21.38.

Invalidation Trigger

Break above $21.38 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 43.1, MACD -0.088

4h
Volatility EnvironmentBullish
Low volatility

ATR is $0.1484 (0.72%)

4h

EMA Structure

Range
EMA 8$20.72Bearish
EMA 21$20.75Bearish
EMA 50$20.53Bullish

Signals

CategoryReadStrength
Momentum
RSI 43.1 · MACD -0.088

Momentum is weak

Strength
Bearish
Volatility
ATR $0.1484 · BB 4.58%

Low volatility

Strength
Bullish
Volume
MFI 32.3 · OBV -4.26%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$20.1 - $21.38

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+4.74% · 6.6 ATR above latest close

$21.52
Nearest resistance

+4.01% · 5.6 ATR above · 34-bar high

$21.38
Current price

Price shown is delayed

$20.55
Nearest support

-2.19% · 3.0 ATR below · 34-bar low

$20.1
Deeper support zone

-2.91% · 4.0 ATR below latest close

$19.95
ATR zone

Latest close ± ATR14

$20.4 - $20.7

Indicators

Trend

Dow Theory Structure

Confirmation $20.74, invalidation $21.23

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

Trend strength is active

32.4 / 13.3 / 36.8Bearish
Supertrend (10,3)

Price is above Supertrend

$20.17Bullish
Ichimoku Cloud

Cloud Span A / Span B

$20.76 / $20.17Bearish
Donchian Channel (20)

20-period breakout channel position

10%Range

Volatility

ATR (14)

Low volatility

$0.1484 (0.72%)Bullish
Bollinger Bands (20,2)

Width 4.58%

10%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$21.03 / $20.49Bullish
ATR channel lower / upper

Current Volatility Envelope

$20.4 / $20.7Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$21.38Range
Support

Nearest Downside Decision Level

$20.1Range

Momentum

RSI (14)

Momentum is weak

43.1Bearish
MACD (12,26,9)

Histogram is negative

-0.088Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

11.7 / 14.2Bearish
Williams %R (14)

Oversold zone

-88.3Bullish
CCI (20)

Weak expansion

-126.1Bearish
TD Sequential

Exhaustion setup is near completion

buy 13Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

32.3Bearish
OBV slope

20-period OBV slope

-4.26%Bearish
Volume ratio

Relative to 20-period average volume

1.51xBullish

Trend

Dow Theory Structure

Confirmation $20.74, invalidation $21.23

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

Trend strength is active

32.4 / 13.3 / 36.8Bearish
Supertrend (10,3)

Price is above Supertrend

$20.17Bullish
Ichimoku Cloud

Cloud Span A / Span B

$20.76 / $20.17Bearish
Donchian Channel (20)

20-period breakout channel position

10%Range

Momentum

RSI (14)

Momentum is weak

43.1Bearish
MACD (12,26,9)

Histogram is negative

-0.088Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

11.7 / 14.2Bearish
Williams %R (14)

Oversold zone

-88.3Bullish
CCI (20)

Weak expansion

-126.1Bearish
TD Sequential

Exhaustion setup is near completion

buy 13Bullish

Volatility

ATR (14)

Low volatility

$0.1484 (0.72%)Bullish
Bollinger Bands (20,2)

Width 4.58%

10%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$21.03 / $20.49Bullish
ATR channel lower / upper

Current Volatility Envelope

$20.4 / $20.7Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

32.3Bearish
OBV slope

20-period OBV slope

-4.26%Bearish
Volume ratio

Relative to 20-period average volume

1.51xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$21.38Range
Support

Nearest Downside Decision Level

$20.1Range

Related Forecasts