SMITHFIELD FOODS INC (SFD) Stock Technical Analysis
NASDAQ:SFD - Nasdaq - US8322482071 - Common Stock - Currency: USD
Overall SFD gets a technical rating of 7 out of 10. Although SFD is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, SFD is a bad performer in the overall market: 100% of all stocks are doing better.
SFD is part of the Food Products industry. There are 89 other stocks in this industry, of which 95% are performing better than SFD.
The long and short term trends are both positive. This is looking good!
In the last month SFD has a been trading in the 23.46 - 25.99 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although SFD has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
22.19
26.04
We found 4 important support areas.
- A support zone ranging from 24.64 to 24.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.55 to 24.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.91 to 22.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @22.41 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.33 to 25.78. This zone is formed by a combination of multiple trend lines and important moving averages 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) | 57.73 | NEUTRAL | The RSI value for SFD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SFD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.7 | OVERBOUGHT | The high Stochastics value suggests SFD may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for SFD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.13 | NEUTRAL | The ADX value for SFD suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 25.79 | 24.63 | 1.16 (4.50%) | 22.23% |
| An entry @25.79. This is a Buy Stop order right above the resistance zone. | An exit @24.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.16 points, which is 4.50%. | For a 1.00% total portfolio risk, you can invest 22.23% of your capital in this trade. |
- 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.
25.3
-0.48 (-1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.86%
1 Week-0.9%
2 Weeks4.03%
1 Month7.25%
3 Month8.49%
6 Month19.17%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%2.39%
ATR Inc18.8%
Range Today0.72
ADR(20)0.6
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High25.99
10 Day Low23.81
20 Day High25.99
20 Day Low23.46
52 Week HighN/A
52 Week LowN/A
CS1 End24.8
CR1 Start25.33
Volume & EV
DER(3)3.21%
DER(5)1.97%
Volume722.90K
Volume Incr84.19%
Vol(5)1.25M
Vol(50)658.04K