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Archive
- 5/29/2026 -
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Hormel Foods Corp. (HRL) Technical Analysis
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| Summary:
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| | It was a second positive week after 3 consecutive negative weeks for the Hormel Foods Corp. (HRL). During the week, the HRL gained 1.99 points, or 9.37%, and closed at 23.23 on Friday, May 29, 2026. Weekly volume was 259% above average.
 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. The price is now at the 20.57% retracement 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 (19.47) 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 Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since April 2, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 15.75% retracement level.
 Daily Technical Indicators: [See HRL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access 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 near its high and getting bigger. It indicates that the current short-term uptrend is strong.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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