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Downtrend ExhaustionArchive
- 4/5/2024 -
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Tyson Foods (TSN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fifth consecutive positive week for the Tyson Foods (TSN). During the week, the TSN climbed 0.32 points, or 0.54%, and closed at 59.05 on Friday, April 5, 2024. Weekly volume was -7% below average.
 Long-term trend: [See TSN long-term trend chart]
A long-term downtrend had started on February 8, 2022 at 100.72 and reached 44.94 on October 23, 2023. TSN lost 55.78 points, or 55.38%, in 88 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (42.79) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. TSN may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.
 Medium-term trend: [See TSN medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 44.94 and reached 61.21 on February 5, 2024. TSN gained -16.27 points, or -36.20%, in 15 weeks. The price is now at the 13.28% retracement level.
 Weekly Technical Indicators: [See TSN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See TSN short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 51.16 and reached 59.54 on April 4, 2024. TSN gained -8.38 points, or -16.38%, in 51 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 53.79 and resistance is at 59.72. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See TSN daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 3, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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