Hormel Foods Corporation technical analysis
Technical analysis of Hormel Foods Corporation (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Hormel Foods Corporation
Hormel Foods Corporation is a food company that develops, processes, and distributes meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally. The company operates through three segments (Retail, Foodservice, and International) and offers both perishable products such as fresh meats and refrigerated meal solutions, as well as shelf-stable products including canned meats and ready-to-eat meals. Its products are marketed under numerous brand names including HORMEL, SPAM, SKIPPY, PLANTERS, JENNIE-O, and others.
Description generated automatically from public sources; it may be inaccurate or out of date.
Hormel Foods Corporation: latest session data
Closing values for October 16, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
19.66 $
+3.72%
50 sessions
21.23 $
−3.93%
200 sessions
22.31 $
−8.57%
Session levels
s2
19.81
Support
s1
20.00
Support
pivot
20.31
Pivot
r1
20.50
Resistance
r2
20.81
Resistance
How to read it
In the October 16, 2026 session Hormel Foods Corporation closed higher at 20.39 $, +1.02% versus the previous session.
The price sits mixed against its moving averages: +3.72% against the 21-session average, −3.93% against the 50 and −8.57% against the 200.
The 14-period RSI reads 54.5, in neutral territory.
MACD stands at -0.362 against a signal line at -0.572: the histogram is positive (+0.210).
ADX reads 36.4, indicating a marked directionality.
Levels computed on the latest session place supports at 20.00 and 19.81 $ and resistances at 20.50 and 20.81 $, around a pivot of 20.31.
The average daily range (ATR) is 0.455 $, or 2.23% of price.
Turnover was 4.1M shares, 73% of the 20-session average.
Over the last twelve months the price ranged between 18.77 and 26.03 $, and today stands −21.64% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Hormel Foods Corporation
How is Hormel Foods Corporation analysed technically?
Technical analysis of Hormel Foods Corporation is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Hormel Foods Corporation?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Hormel Foods Corporation?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Hormel Foods Corporation it helps frame the technical structure of the historical chart and is not a forecast.
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Carlsberg A/SCARL-B.CODisclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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