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Archive - 4/5/2024 - Sign In to see current Signals. |
Tractor Supply Company (TSCO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Tractor Supply Company (TSCO). During the week, the TSCO dropped -9.23 points, or -3.53%, and closed at 252.49 on Friday, April 5, 2024. Weekly volume was -21% below average. Long-term trend: [See TSCO long-term trend chart] A long-term uptrend had started on July 12, 2017 at 49.87 and reached 268.02 on March 21, 2024. TSCO gained -218.15 points, or -437.44%, in 349 weeks. The price is now at the 7.12% retracement level. Medium-term trend: [See TSCO medium-term trend chart] A medium-term uptrend had started on October 26, 2023 at 185.00 and reached 268.02 on March 21, 2024. TSCO gained -83.02 points, or -44.88%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (256.39) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TSCO may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend. Weekly Technical Indicators: [See TSCO weekly technical indicators chart] Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help. The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help. Short-term trend: [See TSCO short-term trend chart] A short-term downtrend had started on March 28, 2024 at 263.79 and reached 250.72 on April 5, 2024. TSCO lost 13.07 points, or 4.95%, in 8 days. The price is now at the 13.54% retracement level. Daily Technical Indicators: [See TSCO daily technical indicators chart] Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. The daily MACD line is below its signal line since March 25, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band. Candlestick pattern: [See TSCO candlestick chart pattern] On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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