Bottoming outNYSE:HRL has formed a large descending triangle and a potential double bottom formation. Given the upside momentum, there is a strong chance of HRL trending higher after breaking above the descending triangle.
Long-term MACD is looking at a strong long-term bullish momentum after the MACD/signal line is rising and histogram is positive.
Stochastic has been rising and is in a steady state, indicating strong bullish momentum in the mid-term.
23-period ROC is rising and staying above the zero line. Directional movement index is strong bullish.
Prices just closed above the kumo of the ichimoku, making the signal a strong bullish signal.