The Greedy Trader Weekly Analysis
Sign In Nov 16, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Quarterly Pattern:Falling Channel
Number of records: 1
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index and Lane's Stochastic bearish divergence
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtMACD bearish divergence
Move cursor over the icon to see details.

It was a second consecutive positive week for the Hormel Foods Corp. (HRL). During the week, the HRL gained 1.82 points, or 4.21%, and closed at 45.02 on Friday, November 09, 2018. HRL was trading at average weekly trading volume.

Long-term trend: [See HRL long-term trend chart]
A long-term uptrend had started on October 25, 2017 at 29.75 and reached 45.13 on November 9, 2018. HRL gained -15.38 points, or -51.70%, in 54 weeks. Price is near the trend high.

Medium-term trend: [See HRL medium-term trend chart]
A medium-term uptrend had started on February 6, 2018 at 31.71 and reached 45.13 on November 9, 2018. HRL gained -13.42 points, or -42.32%, in 39 weeks. Price is near the trend high.

Weekly Technical Indicators: [See HRL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 6, 2018. This is an indication that the medium-term trend is up. 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 September 28, 2018 at 38.79 and reached 45.13 on November 9, 2018. HRL gained -6.34 points, or -16.34%, in 42 days. Price is near the trend high.

Daily Technical Indicators: [See HRL daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence.

The daily MACD line is above its signal line since October 15, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.76
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 92.74
Strong Overbought
Greed/Fear Indicator (GFI) 85.51
Overbought
Moving Average Converg./Diverg. (MACD) 0.93 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.81
Bearish
Williams' Percentage Range (W%R) 5.60
Strong Overbought
Lane's Stochastic (%D-Slow) 83.65
Overbought Bearish
Greed/Fear Indicator (GFI) 80.79
Overbought
Moving Average Converg./Diverg. (MACD) 1.39
Trading Signals
Description Value Chart
Upper Bollinger Band 45.47
Price 45.02
Daily Stochastic Crossing 44.95
Weekly Stochastic Crossing 44.40
Parabolic System 43.34
20 Day Moving Average 42.64
50 Day Moving Average 41.21
Lower Bollinger Band 40.12
Sector and Industry
Description Name Rank
Sector Consumer Goods 6
Industry Meat Products 147
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.85
Low Date 11/02/2018
High 45.13
High Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.79
Low Date 09/28/2018
High 45.13
High Date 11/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.71
Low Date 02/06/2018
High 45.13
High Date 11/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.75
Low Date 10/25/2017
High 45.13
High Date 11/09/2018
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.

Copyright© 2004-2016 All rights reserved.