HRL Price Prediction Next Week
Technical Analysis: Based on recent price action, HRL has been trading in a downward trend, with the stock closing at $28.23 on February 16. The stock has shown significant weakness, forming lower highs and lower lows.
Price Levels:
- Resistance: $28.85 (recent high)
- Support: $28.02 (recent low)
- Current price: $28.23
News Impact:
- Recent news indicates potential cost pressures due to Trump's planned reciprocal tariffs, which could affect food can costs and impact HRL's margins.
- Options trading data shows higher call volume compared to puts, suggesting some bullish sentiment among options traders.
Trading Volume Analysis:
- Recent volume spike to 5.65M shares on February 16 indicates increased selling pressure
- Average volume has been around 2.5-3M shares in previous sessions
- Higher volume on down days suggests bearish sentiment
Price Prediction for Next Week: Based on technical analysis and news sentiment:
- Bearish scenario (70% probability): Stock likely to test support at $27.75-$27.90
- Target price: $27.80
Rationale:
- Increased selling volume
- Potential cost pressures from tariffs
- Downward technical trend
- Weak price action with lower highs
Trading Recommendation: SELL
- Current market conditions and technical indicators suggest further downside
- Traders should consider selling positions or implementing protective stops
- Target exit: $27.80
- Stop loss: $28.90
HRL Similar Chart Price Prediction
The price of HRL is predicted to go up 2.4%, based on the high correlation periods with GIC. The similarity of these two price pattern on the periods is 96.22%.
HRL
GIC
Up: 2.4%Similarity: 96.22%
HRL Revenue Forecast
HRL EPS Forecast
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HRL VS S&P500
Hormel will reinvigorate Planters to regain the market share it hemorrhaged under previous ownership with its staunch focus on brand spending, boosting its ability to compete in the snack category.
Not only will Hormel continue growing its dividend, but by filling its coffers with more cash the firm could be in a position to fund a special dividend, share repurchases, or acquisitions in the medium term.
We suspect Hormel is poised to rapidly grow its international business given some of its products already carry strong brand affinity.
HRL Analyst's Forecast
Benjamin Theurer
Barclays
Hold → Buy
2025-01-22
Price Target
$35 → $36
Upside
+18.62%
Barclays raised the firm's price target on Hormel Foods to $36 from $35 and keeps an Equal Weight rating on the shares. Entering 2025, the firm is more optimistic about crop protection and maintains a positive outlook on diversified international protein names and ingredients. In contrast, Barclays adds caution to its grain processor coverage and adjusted ratings in fertilizer given the recent run-up in share prices. It recognizes the strength in potash volumes in 2024 did not bring stock appreciation for the major potash players.
Benjamin Theurer
Barclays
Hold
2025-01-21
Price Target
$35 → $36
Upside
+16.66%
