US stock / ETF

Hormel Foods Corporation

HRL · NYSE · USD

4 hoursBullish55%
4h Upside probability 55%Bullish

HRL 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Hold above $20.44 and reclaim $21.87.

Invalidation Trigger

Lose $20.44 and MACD turns lower again.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBullish
Momentum improving

RSI 46.4, MACD 0.039

4h
Volatility EnvironmentBullish
Low volatility

ATR is $0.1977 (0.95%)

4h

EMA Structure

Bearish
EMA 8$20.84Bullish
EMA 21$20.92Bearish
EMA 50$21.4Bearish

Signals

CategoryReadStrength
Momentum
RSI 46.4 · MACD 0.039

Neutral zone

Strength
Bullish
Volatility
ATR $0.1977 · BB 3.23%

Low volatility

Strength
Bullish
Volume
MFI 68.5 · OBV -0.15%

Relative to 20-period average volume

Strength
Range
Price Levels
$20.44 - $21.87

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+5.64% · 6.0 ATR above latest close

$22.06
Nearest resistance

+4.69% · 5.0 ATR above · 34-bar high

$21.87
Current price

Price shown is delayed

$20.89
Nearest support

-2.15% · 2.3 ATR below · 34-bar low

$20.44
Deeper support zone

-3.1% · 3.3 ATR below latest close

$20.24
ATR zone

Latest close ± ATR14

$20.69 - $21.08

Indicators

Trend

Dow Theory Structure

Confirmation $21.18, invalidation $20.77

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

12.4 / 14.4 / 18.6Bearish
Supertrend (10,3)

Price is above Supertrend

$20.27Bullish
Ichimoku Cloud

Cloud Span A / Span B

$20.83 / $21.41Bearish
Donchian Channel (20)

20-period breakout channel position

60%Bearish

Volatility

ATR (14)

Low volatility

$0.1977 (0.95%)Bullish
Bollinger Bands (20,2)

Width 3.23%

57%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$21.28 / $20.54Bullish
ATR channel lower / upper

Current Volatility Envelope

$20.69 / $21.08Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$21.87Range
Support

Nearest Downside Decision Level

$20.44Range

Momentum

RSI (14)

Neutral zone

46.4Range
MACD (12,26,9)

Histogram is positive

0.039Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

45.4 / 40.8Bullish
Williams %R (14)

Neutral zone

-54.6Range
CCI (20)

Balanced zone

4.0Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

68.5Bullish
OBV slope

20-period OBV slope

-0.15%Bearish
Volume ratio

Relative to 20-period average volume

0.37xBearish

Trend

Dow Theory Structure

Confirmation $21.18, invalidation $20.77

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

12.4 / 14.4 / 18.6Bearish
Supertrend (10,3)

Price is above Supertrend

$20.27Bullish
Ichimoku Cloud

Cloud Span A / Span B

$20.83 / $21.41Bearish
Donchian Channel (20)

20-period breakout channel position

60%Bearish

Momentum

RSI (14)

Neutral zone

46.4Range
MACD (12,26,9)

Histogram is positive

0.039Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

45.4 / 40.8Bullish
Williams %R (14)

Neutral zone

-54.6Range
CCI (20)

Balanced zone

4.0Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$0.1977 (0.95%)Bullish
Bollinger Bands (20,2)

Width 3.23%

57%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$21.28 / $20.54Bullish
ATR channel lower / upper

Current Volatility Envelope

$20.69 / $21.08Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

68.5Bullish
OBV slope

20-period OBV slope

-0.15%Bearish
Volume ratio

Relative to 20-period average volume

0.37xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$21.87Range
Support

Nearest Downside Decision Level

$20.44Range

Related Forecasts