TRACTOR SUPPLY COMPANY (TSCO) Stock Technical Analysis
NASDAQ:TSCO - Nasdaq - US8923561067 - Common Stock - Currency: USD
Taking everything into account, TSCO scores 8 out of 10 in our technical rating. Although TSCO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
TSCO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TSCO is lagging the market slightly.
In the last month TSCO has a been trading in the 51.28 - 59.15 range, which is quite wide. It is currently trading near the high of this range.
TSCO has an average volume of 5813820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TSCO is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this relatively good performance is mostly due to a recent big move.
TSCO is an average performer in the Specialty Retail industry, it outperforms 69% of 122 stocks in the same industry.
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
47.54
59.57
When analyzing the support we can see 5 important areas.
- A support zone ranging from 55.13 to 57.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.83 to 53.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @51.93 from a horizontal line in the daily time frame.
- A support zone ranging from 48.98 to 49.44. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @48.02 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 | UP | POSITIVE | The long term trend for TSCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSCO is up. |
| ChartMill Relative Strength | 73.63 | POSITIVE | TSCO has a high relative strength, it outperformed 73.63% off all stocks 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) | 68.48 | NEUTRAL | The RSI value for TSCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests TSCO has a positive trend. |
| Stochastics (14,3) | 85.33 | OVERBOUGHT | The high Stochastics value suggests TSCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for TSCO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.23 | POSITIVE | The high ADX value value for TSCO suggests a strong 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)
58.98
+1.57 (+2.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg2.73%
1 Week4.69%
2 Weeks3.89%
1 Month9.91%
3 Month18.15%
6 Month1.79%
12 Month12.33%
2 Year31.66%
3 Year54.01%
5 Year106.6%
10 Year218.74%
15 Year1597.02%
Volatility
ATR(14)1.44
ATR(20)%2.48%
ATR Inc13.69%
Range Today1.98
ADR(20)1.43
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.63
Mansfield0.04
10 Day High59.15
10 Day Low54.69
20 Day High59.15
20 Day Low51.28
52 Week High61.53
52 Week Low46.85
CS1 End57.48
CR1 StartN/A
Volume & EV
DER(3)-1.33%
DER(5)-0.35%
Volume4.77M
Volume Incr-20.91%
Vol(5)4.74M
Vol(50)5.81M