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Archive
- 11/8/2024 -
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Tractor Supply Company (TSCO) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Tractor Supply Company (TSCO). During the week, the TSCO gained 21.50 points, or 8.04%, and closed at 288.80 on Friday, November 8, 2024. Weekly volume was 14% above average.
 Long-term trend: [See TSCO long-term trend chart]
A long-term uptrend had started on October 26, 2023 at 185.00 and reached 307.64 on October 15, 2024. TSCO gained -122.64 points, or -66.29%, in 50 weeks. The price is now at the 15.36% retracement level.
 Medium-term trend: [See TSCO medium-term trend chart]
A medium-term downtrend had started on October 15, 2024 at 307.64 and reached 265.30 on October 31, 2024. TSCO lost 42.34 points, or 13.76%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (245.29) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See TSCO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See TSCO short-term trend chart]
A short-term uptrend had started on October 31, 2024 at 265.30 and reached 294.20 on November 8, 2024. TSCO gained -28.90 points, or -10.89%, in 8 days. The price is now at the 18.69% retracement level.
Daily Technical Indicators: [See TSCO daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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