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Downtrend Broken Resist.Archive
- 6/12/2026 -
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Hormel Foods Corp. (HRL) Technical Analysis
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| Summary:
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| | It was a fourth positive week after 3 consecutive negative weeks for the Hormel Foods Corp. (HRL). During the week, the HRL gained 1.13 points, or 4.78%, and closed at 24.75 on Friday, June 12, 2026. Weekly volume was -17% below 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 29.43% 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 (19.21) 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.
The weekly MACD line is above its signal line since May 29, 2026. 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 24.82 on June 12, 2026. HRL gained -5.12 points, or -25.99%, in 28 days. Price is near the trend high.
 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. 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 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 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 the Bollinger Bands is 124.68% 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.
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