TYSON FOODS INC-CL A (TSN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TSN - US9024941034 - Common Stock
We assign a technical rating of 8 out of 10 to TSN. 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.
Besides having an excellent technical rating, TSN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 58.22, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
50.20
We found 3 important support areas.
- A support zone ranging from 57.58 to 58.22. 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 54.50 to 56.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.71 to 51.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @59.80 from a trend line in the daily time frame.
- Resistance @61.57 from a horizontal line in the daily time frame.
- A resistance zone ranging from 65.88 to 65.88. 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 | 57.8 | NEUTRAL | TSN is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of TSN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.08 | NEUTRAL | The RSI value for TSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TSN has a negative trend. |
| Stochastics (14,3) | 59.3 | NEUTRAL | The Stochastics value for TSN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for TSN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for TSN 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 |
|---|---|---|---|
| 59.81 | 57.57 | 2.24 (3.75%) | 25.00% |
| An entry @59.81. This is a Buy Stop order right above the resistance zone. | An exit @57.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.24 points, which is 3.75%. | For a 0.94% 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.
58.47
+0.22 (+0.38%)
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.
Can you provide the trend direction for TYSON FOODS INC-CL A?
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 59.0771. This indicates that the stock is currently neutral.
What is the buy/sell signal for TSN stock?
The buy/sell signal for TYSON FOODS INC-CL A (TSN) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for TYSON FOODS INC-CL A?
TYSON FOODS INC-CL A (TSN) has a support level at 58.22 and a resistance level at 59.8. Check the full technical report for our detailed analysis of TSN support and resistance levels.