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Uptrend SupportArchive
- 12/20/2024 -
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Tyson Foods (TSN) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Tyson Foods (TSN). During the week, the TSN dropped -2.46 points, or -4.07%, and closed at 58.02 on Friday, December 20, 2024. It was the worst weekly loss since September 13, 2024. Weekly volume was 16% above average.
 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 uptrend support line (60.84) 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. TSN 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 long-term trend.
 Medium-term trend: [See TSN medium-term trend chart]
A medium-term uptrend had started on October 8, 2024 at 57.53 and reached 65.95 on November 12, 2024. TSN gained -8.42 points, or -14.64%, in 5 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The price is near the trend support (57.74) 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 medium-term trend.
 Weekly Technical Indicators: [See TSN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 November 12, 2024 at 65.95 and reached 57.76 on December 20, 2024. TSN lost 8.19 points, or 12.42%, in 38 days. Price is near the trend low.
 Daily Technical Indicators: [See TSN daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since December 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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