SMITHFIELD FOODS INC (SFD) Stock Technical Analysis
NASDAQ:SFD - Nasdaq - US8322482071 - Common Stock - Currency: USD
Taking everything into account, SFD scores 6 out of 10 in our technical rating. 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. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 23.32. Right above this resistance zone may be a good entry point.
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18.42
3 important support areas can be observed.
- A support zone ranging from 22.51 to 22.83. 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 19.64 to 19.75. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @18.61 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.32 to 23.32. 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) | 59.56 | NEUTRAL | The RSI value for SFD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SFD has a negative trend. |
| Stochastics (14,3) | 68.11 | NEUTRAL | The Stochastics value for SFD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for SFD suggests some 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 |
|---|---|---|---|
| 23.33 | 22.50 | 0.83 (3.56%) | 25.00% |
| An entry @23.33. This is a Buy Stop order right above the resistance zone. | An exit @22.50. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.83 points, which is 3.56%. | For a 0.89% total portfolio risk, you can invest 25.00% 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.
22.84
-0.09 (-0.39%)