SMITHFIELD FOODS INC (SFD) Stock Technical Analysis
NASDAQ:SFD - Nasdaq - US8322482071 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SFD. Although SFD is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SFD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.86, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SFD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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22.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.49 to 23.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.41 to 22.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.45 to 24.45. 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 | NEUTRAL | NEUTRAL | The short term trend for SFD is neutral. |
| 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) | 53.9 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 38.16 | NEUTRAL | The Stochastics value for SFD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for SFD suggests low volalility. |
| Average Directional Index/ADX (14) | 14.17 | NEGATIVE | The low ADX value for SFD suggests a weak or negative trend. |
23.89
+0.1 (+0.42%)