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Asset Summary

Daily Performance Report for HRL ETF: Nov 12, 2024

Summary: The day started with HRL ETF opening at $30.62 and closing at $30.39. The ETF showed weakness throughout the day, with the highest price observed at $30.9 and the lowest at $30.37. The underlying asset had a trading range of $0.53 Overall, it was a negative trading day for HRL ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.23 or -0.75% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for HRL ETF was 1,860,735 units during Nov 12, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $30.62.

Highest Price: The highest price observed during the day was $30.9.

Lowest Price: The lowest price observed during the day was $30.37.

Closing Price: The day ended at $30.39.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Hormel Foods implements rigorous quality control processes and adheres to strict food safety standards to ensure product quality.

Yes, Hormel Foods Corporation is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol HRL.

Hormel actively monitors consumer trends and adapts its product offerings to include healthier and convenient food options.

Hormel Foods engages with communities through charitable initiatives, community partnerships, and support for local organizations.

Hormel focuses on innovation by developing new products and improving existing ones to meet changing consumer preferences.

You can purchase HRL stock through a brokerage account or financial advisor.

Hormel offers a variety of products including refrigerated, frozen, and shelf-stable food items across different brands.

Hormel is focused on offering nutritious products and promoting health and wellness initiatives among consumers.

Yes, Hormel Foods pays dividends and has a history of consistent dividend payments to its shareholders.

Hormel aims for growth through acquisitions, expanding product lines, and entering new markets.

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