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Packaged Foods & Meats Industry Stocks Technical Analysis - HRLArchive
- 6/5/2026 -
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Hormel Foods Corp. (HRL) Technical Analysis
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| Summary:
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| | It was a third positive week after 3 consecutive negative weeks for the Hormel Foods Corp. (HRL). During the week, the HRL gained 0.39 points, or 1.68%, and closed at 23.62 on Friday, June 5, 2026. Weekly volume was 9% above average.
HRL is a member of Consumer Staples Sector. Consumer Staples is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See HRL long-term trend chart]
A long-term downtrend had started on May 20, 2024 at 36.86 and reached 19.70 on May 15, 2026. HRL lost 17.16 points, or 46.55%, in 103 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See HRL medium-term trend chart]
A medium-term downtrend had started on February 26, 2026 at 26.22 and reached 19.70 on May 15, 2026. HRL lost 6.52 points, or 24.87%, in 11 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (19.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. HRL may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See HRL weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish 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 May 15, 2026 at 19.70 and reached 23.89 on May 28, 2026. HRL gained -4.19 points, or -21.27%, in 13 days. The price is now at the 6.44% retracement level.
 Daily Technical Indicators: [See HRL daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 daily MACD line is above its signal line since May 18, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
The distance between the Bollinger Bands is 120.75% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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