Why Hormel Foods Corporation ($HRL) Is Acting Slightly Strange (2019-07-29)

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REPORTING FOR 2019-07-29 | LOGISTICS-BUSINESS-REVIEW.COM: We have conducted a deep analysis of how Hormel Foods Corporation ($HRL) has been trading over the last 2 weeks and the past day especially. On its latest session, Hormel Foods Corporation ($HRL) opened at 40.95, reaching a high of 41.56 and a low of 41.38 before closing at a price of 41.48. There was a total volume of 38678.

VOLUME INDICATORS: We saw an accumulation-distribution index of 44.73082, an on-balance volume of -41.38, chaikin money flow of -0.40984 and a force index of 0.858. There was an ease of movement rating of 0.00494, a volume-price trend of 0.62552 and a negative volume index of 1000.0.

VOLATILITY: We noted an average true range of 0.46765, bolinger bands of 41.91024, an upper bollinger band of 40.26976, lower bollinger band of 41.38, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 41.29667, high band keltner channel of 40.68667, low band keltner channel of 41.90667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 41.38, a donchian channel low band of 41.38, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.01301, a MACD signal of -0.00723, a MACD difference of -0.00578, a fast Exponential Moving Average (EMA) indicator of 41.38, a slow Exponential Moving Average (EMA) indicator of 41.38, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.18038, a trix of 2.08021, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -0.58602, a KST Oscillator (KST) of 14.36526 and a KST Oscillator (KST Signal) of 14.36526 (leaving a KST difference of -3.55445). We also found an Ichimoku rating of 41.255, an Ichimoku B rating of 41.255, a Ichimoku visual trend A of 41.2597, an Ichimoku visual trend B of 41.23298, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 375.61276, a stochastic oscillator of 29.5082, a stochastic oscillator signal of 29.5082, a Williams %R rating of -70.4918 and an awesome oscillator of -0.01308.

RETURNS: There was a daily return of 1.43653, a daily log return of -1.41156 and a cumulative return of -1.40164.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-07-29 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Hormel Foods Corporation ($HRL)…

For a more complete analysis, run all of this through the BTMA software. Also, to stay up to date with what is happening on Hormel Foods Corporation, we strongly advise Hormel Foods Corporation investors to subscribe to MarketBeat.com’s daily email newsletter for updates, news and analyst ratings on stocks like Hormel Foods Corporation – without this you are trading blind:

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DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Hormel Foods Corporation ($HRL) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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