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Uptrend SupportArchive
- 4/26/2024 -
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Tyson Foods (TSN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Tyson Foods (TSN). During the week, the TSN gained 0.68 points, or 1.13%, and closed at 60.63 on Friday, April 26, 2024. Weekly volume was -47% 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 (42.50) 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 61.71 on April 25, 2024. TSN gained -16.77 points, or -37.32%, in 26 weeks. The price is now at the 6.44% retracement level.
 Weekly Technical Indicators: [See TSN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and 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 61.71 on April 25, 2024. TSN gained -10.55 points, or -20.62%, in 72 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 59.32 and resistance is at 62.05. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
 Daily Technical Indicators: [See TSN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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