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Archive
- 11/8/2024 -
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Tyson Foods (TSN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Tyson Foods (TSN). During the week, the TSN gained 1.23 points, or 2.11%, and closed at 59.59 on Friday, November 8, 2024. It was the best weekly gain since September 6, 2024. Weekly volume was -13% below average.
TSN is a member of Consumer Staples Sector. Consumer Staples is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TSN long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 44.94 and reached 66.88 on September 9, 2024. TSN gained -21.94 points, or -48.82%, in 46 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (59.26) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See TSN medium-term trend chart]
A medium-term uptrend had started on June 14, 2024 at 53.61 and reached 66.88 on September 9, 2024. TSN gained -13.27 points, or -24.75%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (58.67) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 TSN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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.
The weekly MACD line is below its signal line since September 20, 2024. Use the following link to access a MACD help.
 Short-term trend: [See TSN short-term trend chart]
A short-term downtrend had started on September 9, 2024 at 66.88 and reached 57.53 on October 8, 2024. TSN lost 9.35 points, or 13.98%, in 29 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (57.62) 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 short-term trend.
 Daily Technical Indicators: [See TSN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 4, 2024. The distance between MACD and the signal line is low, but getting bigger.
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 distance between the Bollinger Bands (4.09%) is close to one year low (4.34%). It is 54.30% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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