The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 8
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Hormel Foods Corp.
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Summary:
Weekly :Weekly  MACD line has moved below its signal line
Daily :Bullish Harami CandlestickPrice is near the Fibonacci 38.2% retracement level
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.25
Williams' Percentage Range (W%R) 76.10
Lane's Stochastic (%D-Slow) 22.96
Greed/Fear Indicator (GFI) 24.71
Moving Average Converg./Diverg. (MACD) -0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.92
Williams' Percentage Range (W%R) 66.10
Lane's Stochastic (%D-Slow) 33.71
Greed/Fear Indicator (GFI) 39.52
Moving Average Converg./Diverg. (MACD) 0.40
Trading Signals
Description Value Chart
Upper Bollinger Band 35.78
50 Day Moving Average 35.57
20 Day Moving Average 34.05
Parabolic System 33.55
Weekly Stochastic Crossing 33.09
Price 32.81
Daily Stochastic Crossing 32.59
Lower Bollinger Band 32.19
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Meat Products 35
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.71
Low Date 02/06/2018
High 33.51
High Date 02/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.71
Low Date 02/06/2018
High 33.51
High Date 02/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.00
High Date 12/05/2017
Low 31.71
Low Date 02/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.75
Low Date 10/25/2017
High 38.00
High Date 12/05/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.72
High Date 02/16/2016
Low 29.75
Low Date 10/25/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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