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Takip Edin: @UscMarketsHRL Stock Forecast & Hormel Foods Corporation Chart Analysis
This article provides a detailed analysis of HRL-Hormel Foods Corporation stock including a forecast for HRL shares. It features Hormel Foods Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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HRL Historical Data Review
HRL Current Price Performance Analysis
The Hormel Foods Corporation - HRL stock traded on the American stock market, on 06-05-2024, closed at 30.6$ with a %-0.46 decreased compared to the previous day.
In the last month, the price of HRL changed by %-12.07 decreased in value, from 34.8 dollars on 05-06-2024 to 30.6 dollars, decreased.
Last year, the price of HRL was 40.43 dollars on 06-06-2023, and changed by %-24.31 decreased in value, to 30.6 dollars decreased within a year.
The price of Hormel Foods Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
HRL with AI Stock Forecast & Price Target
On the HRL chart Hormel Foods Corporation price was recorded as 30.6 Dollars on 06/05/2024.
The artificial intelligence's forecast on HRL stock is as follows.
The artificial intelligence's prediction error margin for HRL stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Hormel Foods Corporation stock over the next 4 months is: 30.1 Dollars.
The commentary on HRL stock Target Price: Highest: 33.375 Dollars is predicted.
The commentary on HRL stock Target Price: Lowest: 25.022 Dollars is predicted.
Resistance Price where Hormel Foods Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 30.860 |
| 11-27-2024 | 31.422 |
| 02-25-2025 | 28.780 |
Support Price where Hormel Foods Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 30.247 |
| 10-23-2024 | 30.020 |
| 02-10-2025 | 28.629 |
The commentary on HRL stock: The target price can generally be said to be on the decline.
The commentary on HRL stock: Fluctuations in the target price can be expected in the coming days.
The target price for Hormel Foods Corporation stock by the end of 2024 is predicted to be 30.18 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on HRL stock, and the 2024 target price predictions for Hormel Foods Corporation are detailed above.
The technical analysis and charts for the commentary on HRL stock are below.
HRL Support & Resistance and Trend Analysis
HRL stock you have reviewed the technical analysis support resistance charts regarding.
HRL : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the HRL review, the Hormel Foods Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Hormel Foods Corporation Support and Resistance Prices:
| HRL Support Level Price | HRL Resistance Level Price |
|---|---|
| 28.51 | 31.12 |
| 29.34 | 32.85 |
| 30.12 | 33.02 |
| 30.98 | 33.16 |
| 32.14 | 33.68 |
| 32.16 | 34.85 |
| 33.20 | 35.12 |
| 33.41 | 35.51 |
| 33.73 | 35.87 |
| 34.59 | 36.00 |
| 36.86 |
HRL Technical Analysis: SMA, RSI, MACD
Upon reviewing the HRL chart, buy and sell signals have been generated in the Hormel Foods Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for HRL stock are as follows:- HRL technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Hormel Foods Corporation gave a 'Buy' signal when the RSI was at 23.256, with the current RSI value at 20.379.
- The technical analysis for Hormel Foods Corporation indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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