SFD Technical Analysis - SMITHFIELD FOODS INC

Technical Rating and Analysis

Overall SFD gets a technical rating of 1 out of 10. SFD performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

100% of all other stocks performed better in the past year than SFD.

SFD is part of the Food Products industry. There are 89 other stocks in this industry, of which 95% are performing better than SFD.

In the last month SFD has a been trading in the 22.91 - 24.75 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been consolidating recently, but much resistance may still be present above.

SFD has an average volume of 1384510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SMITHFIELD FOODS INC / SFD Weekly stock chart

SMITHFIELD FOODS INC / SFD Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, SFD does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 23.35, 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.61

26.20

When analyzing the support we notice one important area.

A support zone ranging from 22.84 to 23.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 23.60 to 23.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 25.94 to 25.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for SFD is down.
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)	DOWN	NEGATIVE	The current price of SFD is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SFD is below a declining SMA(50).
Relative Strength Index/RSI (14)	40.07	NEUTRAL	The RSI value for SFD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests SFD has a negative trend, although the MACD value is rising.
Stochastics (14,3)	18.52	OVERSOLD	The low Stochastics value suggests SFD may be oversold.
Average True Range in percent/ATR (20)	2.21	MEDIUM VOLATILITY	The ATR as a percentage value for SFD suggests some volalility.
Average Directional Index/ADX (14)	23.77	NEUTRAL	The ADX value for SFD suggests a possible start of a new trend.