TRACTOR SUPPLY COMPANY (TSCO) Stock Technical Analysis
NASDAQ:TSCO - Nasdaq - US8923561067 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to TSCO. TSCO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month TSCO has a been trading in the 49.08 - 55.45 range, which is quite wide. It is currently trading near the high of this range.
TSCO has an average volume of 6056750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TSCO turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
TSCO is an average performer in the Specialty Retail industry, it outperforms 50% of 121 stocks in the same industry.
TSCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TSCO is lagging the market.
Although TSCO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
47.37
58.44
When analyzing the support we can see 3 important areas.
- Support @54.77 from a trend line in the daily time frame.
- A support zone ranging from 51.14 to 53.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.85 to 49.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @57.86 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for TSCO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSCO is up. |
| ChartMill Relative Strength | 42.3 | NEUTRAL | TSCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TSCO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.27 | NEUTRAL | The RSI value for TSCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests TSCO has a positive trend. |
| Stochastics (14,3) | 83.61 | OVERBOUGHT | The high Stochastics value suggests TSCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for TSCO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.05 | NEGATIVE | The low ADX value for TSCO suggests a weak or negative 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)
55.14
+1.06 (+1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg1.96%
1 Week4.43%
2 Weeks8.16%
1 Month12.42%
3 Month5.23%
6 Month6.18%
12 Month5.02%
2 Year23.09%
3 Year43.98%
5 Year93.15%
10 Year197.99%
15 Year1486.53%
Volatility
ATR(14)1.29
ATR(20)%2.38%
ATR Inc61.6%
Range Today1.44
ADR(20)1.3
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.3
Mansfield-0.52
10 Day High55.45
10 Day Low51.01
20 Day High55.45
20 Day Low49.08
52 Week High61.53
52 Week Low46.85
CS1 End51.63
CR1 Start52.23
Volume & EV
DER(3)1.18%
DER(5)0.99%
Volume6.04M
Volume Incr11.85%
Vol(5)6.78M
Vol(50)6.06M