Hormel Foods Corp.
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|It was the negative week for the Hormel Foods Corp. (HRL). During the week, the HRL dropped -0.84 points, or -2.50%, and closed at 32.81 on Friday, February 09, 2018. Weekly volume was 60% above average. |
Long-term trend: [See HRL long-term trend chart]
A long-term downtrend had started on February 16, 2016 at 45.72 and reached 29.75 on October 25, 2017. HRL lost 15.97 points, or 34.93%, in 88 weeks. The price is now at the 19.16% retracement level.
Medium-term trend: [See HRL medium-term trend chart]
A medium-term downtrend had started on December 5, 2017 at 38.00 and reached 31.71 on February 6, 2018. HRL lost 6.29 points, or 16.55%, in 9 weeks. The price is now at the 17.49% retracement level.
Weekly Technical Indicators: [See HRL weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See HRL short-term trend chart]
A short-term uptrend had started on February 6, 2018 at 31.71 and reached 33.51 on February 7, 2018. HRL gained -1.80 points, or -5.68%, in 1 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See HRL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 13, 2017.
Candlestick pattern: [See HRL candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.