TYSON FOODS INC-CL A (TSN) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TSN • US9024941034
Taking everything into account, TSN scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TSN is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- TSN is one of the better performing stocks in the Food Products industry, it outperforms 83% of 88 stocks in the same industry.
- TSN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- TSN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- TSN has an average volume of 2967020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, TSN did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
TSN has an excellent technical rating and also presents a decent setup pattern. 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 65.41. Right above this resistance zone may be a good entry point.
More info and screens
51.06
When analyzing the support we can see 5 important areas.
- A support zone ranging from 65.22 to 65.23. 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 59.30 to 60.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.45 to 58.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 55.91 to 56.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @51.58 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 65.41 to 65.75. 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 TSN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSN is up. |
| ChartMill Relative Strength | 76.7 | POSITIVE | TSN has a high relative strength, it outperformed 76.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TSN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.33 | NEUTRAL | The RSI value for TSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests TSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.49 | OVERBOUGHT | The high Stochastics value suggests TSN may be overbought. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for TSN suggests some volalility. |
| Average Directional Index/ADX (14) | 33.82 | POSITIVE | The high ADX value value for TSN suggests a strong 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 |
|---|---|---|---|
| 65.76 | 65.21 | 0.55 (0.84%) | 25.00% |
| An entry @65.76. This is a Buy Stop order right above the resistance zone. | An exit @65.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.55 points, which is 0.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- The distance between exit and entry is rather small compared to the average daily movement of TSN. Please evaluate whether better entry and exit points can be found.
- 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.
65.4
+0.14 (+0.21%)
TYSON FOODS INC-CL A / TSN FAQ
What is the technical rating for TSN stock?
ChartMill assigns a technical rating of 8 / 10 to TSN.
What is the current trend direction of TYSON FOODS INC-CL A (TSN) stock?
The current trend direction for TYSON FOODS INC-CL A (TSN) is Bullish.
What is the RSI signal for TYSON FOODS INC-CL A (TSN) stock?
TYSON FOODS INC-CL A (TSN) has an RSI value of 68.3264. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TYSON FOODS INC-CL A?
The buy/sell signal for TYSON FOODS INC-CL A (TSN) is buy as both the short term and long term trends are positive.
What is the support and resistance level for TSN stock?
TYSON FOODS INC-CL A (TSN) has a support level at 65.23 and a resistance level at 65.41. Check the full technical report for our detailed analysis of TSN support and resistance levels.