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Uptrend ExhaustionArchive
- 4/19/2024 -
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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 2.17 points, or 3.76%, and closed at 59.95 on Friday, April 19, 2024. It was the best weekly gain since December 8, 2023. Weekly volume was -37% 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 (42.60) 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 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 7.74% 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. 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 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 April 15, 2024 at 57.54 and reached 60.00 on April 19, 2024. TSN gained -2.46 points, or -4.28%, in 4 days. Price is near the trend high.
 Daily Technical Indicators: [See TSN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 9, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 4.34% on Friday. It is 61.15% lower than one year average. It indicates the period of low volatility of the stock price. 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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