HRL Should I Buy

Buy (starter long-term position) at ~$24.7. The stock is trading near a defined pivot/support zone (~$24.5) with neutral-to-improving momentum signals, bullish options positioning (put/call ratios below 1), and Wall Street targets mostly implying upside into the mid/high-$20s. While the latest quarter showed margin and earnings weakness, the market’s focus has shifted to an FY26 improvement narrative; for a beginner long-term investor who wants to deploy capital now, HRL is a reasonable buy here rather than waiting for a “perfect” entry.

Trend/Momentum: Mixed but slightly constructive. MACD histogram is positive (0.11) and contracting, suggesting upside momentum exists but is not accelerating. RSI(6) ~54 is neutral, consistent with consolidation rather than an overbought/oversold extreme. Moving averages are converging, which typically signals a base-building phase. Key levels: Pivot/support ~24.49 is very close to the current price (24.71), which improves the risk/reward for buying now. Near-term resistance is at R1 ~25.21 and R2 ~25.65; a push above ~25.2 would improve the technical picture and could open a move toward the mid-$20s. Support below is S1 ~23.78 then S2 ~23.34. Pattern-based expectation: Similar-pattern analysis suggests a modest positive drift (approx. +0.97% next day, +3.74% next week, +6.89% next month), consistent with a stabilization-to-rebound setup rather than a strong trend.