SMITHFIELD FOODS INC (SFD) Stock Technical Analysis
NASDAQ:SFD - Nasdaq - US8322482071 - Common Stock - Currency: USD
Overall SFD gets a technical rating of 6 out of 10. SFD has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, SFD does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 23.50, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.61
We found 1 important support area.
- A support zone ranging from 22.84 to 23.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.57 to 23.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SFD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SFD is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SFD has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SFD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SFD is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 60.38 | NEUTRAL | The RSI value for SFD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SFD has a negative trend. |
| Stochastics (14,3) | 73.86 | NEUTRAL | The Stochastics value for SFD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for SFD suggests low volalility. |
| Average Directional Index/ADX (14) | 24.2 | NEUTRAL | The ADX value for SFD suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.92 | 22.83 | 1.09 (4.56%) | 21.94% |
| An entry @23.92. This is a Buy Stop order right above the resistance zone. | An exit @22.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.09 points, which is 4.56%. | When investing 21.94% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
23.555
-0.34 (-1.44%)