HRL

Hormel FoodsConsumer Staples

$24.16-0.70%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$24.16

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Trade this Rounding Bottom

Traders are watching this Rounding Bottom on HRL. Inspect the chart now.

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Quick Actions

Trade Plan: Rounding Bottom

Risk/Reward

1:2

Entry

$25.00

Stop

$22.35

Target

$30.30

Chart Pattern

Rounding Bottom

Gradual reversal from bearish to bullish.

Market Analysis

Market participants tracking Hormel Foods should note the latest formation. Currently at $24.16, the asset is showing downward momentum (-0.7%). Algorithmically, a Rounding Bottom structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $25.0, targeting $30.3 with support near $22.35 (R:R 2.0).

Community Sentiment

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