Hormel Stock Technical Analysis

HRL
 Stock
  

USD 49.86  0.25  0.50%   

As of the 13th of August 2022, Hormel Foods retains the risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.40). Hormel Foods technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Hormel Foods Corp, which can be compared to its competitors. Please check out Hormel Foods Corp variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Hormel Foods is priced fairly, providing market reflects its last-minute price of 49.86 per share. Given that Hormel Foods Corp has jensen alpha of (0.09), we strongly advise you to confirm Hormel Foods Corp's regular market performance to make sure the company can sustain itself at a future point.
  

Hormel Foods Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Hormel, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Hormel
Hormel Foods' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Hormel Foods Analyst Consensus

Target PriceAdvice# of Analysts
47.75Sell4Odds
Hormel Foods Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Hormel analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Hormel stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Hormel Foods Corp, talking to its executives and customers, or listening to Hormel conference calls.
Hormel Analyst Advice Details
Hormel Foods technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Hormel Foods technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hormel Foods trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Hormel Foods Corp Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Hormel Foods Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Hormel Foods Corp Trend Analysis

Use this graph to draw trend lines for Hormel Foods Corp. You can use it to identify possible trend reversals for Hormel Foods as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Hormel Foods price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Hormel Foods Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hormel Foods Corp applied against its price change over selected period. The best fit line has a slop of   0.049375  , which may imply that Hormel Foods Corp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 92.2, which is the sum of squared deviations for the predicted Hormel Foods price change compared to its average price change.

About Hormel Foods Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Hormel Foods Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Hormel Foods Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Hormel Foods Corp stock first instead of the macroeconomic environment surrounding Hormel Foods Corp. By analyzing Hormel Foods's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Hormel Foods's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Hormel Foods specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2015 2021 2022 (projected)
Long Term Debt to Equity0.160.430.46
Interest Coverage64.6325.8926.57

Hormel Foods August 13, 2022 Technical Indicators

Most technical analysis of Hormel help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Hormel from various momentum indicators to cycle indicators. When you analyze Hormel charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Hormel Foods August 13, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Hormel stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Risk vs Return Analysis. Note that the Hormel Foods Corp information on this page should be used as a complementary analysis to other Hormel Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Hormel Stock analysis

When running Hormel Foods Corp price analysis, check to measure Hormel Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hormel Foods is operating at the current time. Most of Hormel Foods' value examination focuses on studying past and present price action to predict the probability of Hormel Foods' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hormel Foods' price. Additionally, you may evaluate how the addition of Hormel Foods to your portfolios can decrease your overall portfolio volatility.
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Is Hormel Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hormel Foods. If investors know Hormel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hormel Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.14
Market Capitalization
27.1 B
Quarterly Revenue Growth YOY
0.19
Return On Assets
0.0679
Return On Equity
0.14
The market value of Hormel Foods Corp is measured differently than its book value, which is the value of Hormel that is recorded on the company's balance sheet. Investors also form their own opinion of Hormel Foods' value that differs from its market value or its book value, called intrinsic value, which is Hormel Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hormel Foods' market value can be influenced by many factors that don't directly affect Hormel Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hormel Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine Hormel Foods value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hormel Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.