TSN trade ideas
TSN Short - Bet Against The BeefAn individual stock trade that I'm taking on Webull. Classical trade, noting the fact that TSN has put in a double top formation and is breaking down from the Point of Control of it's latest range with rising Volatility indicated by WAE. Parallox signals bearish, Voss signals bearish entries. Fundamentals are also strong here, as Tyson has recently had to close their largest plant due to Corona virus outbreak in Waterloo. Trade safely. All In, All Out Profit Taking strategy with fixed Stop Loss.
Tyson Foods (TYS) - Wedge BreakoutTyson food has been recently hit with supply chain issues and is currently ranging in a tight wedge.
We could see one last test of the upper band, however, the probable play is a breakout to the downside.
Note: Pay attention to $TYS news for the determination of your exit strategy as things can easily get worse or better.
Stop loss above the upper band.
Bounce or Break - Look Out BelowTSN is at a bounce or break moment. It is sitting on an uptrending support line (green). If it bounces there are a couple of resistance levels on the way back up to all time highs. If it breaks down below this line, there is a long way for it to fall before hitting any real (solid blue) support. There are a few weaker (thin blue) support levels on the way down.
Tyson growth, powered by plants!Tyson have been around for years, they were once involved with BYND, but have cut ties and are now producing their own fake meat products.
I see an ascending triangle, a bounce from the 200MA and a 9 on the Demark H4 indicator.
Fib extesion shows the golden fib at a nice round 100
Stop just below last bounce at 86
$TSN:NYSE - TYSON FOODS - Diversified food supplier up 75% YTDGood steady momentum. Might be worth a watch especially in uncertain times.
Tyson Foods, Inc. is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods. It operates a vertically integrated chicken production process, which consists of breeding stock, contract growers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients. Through its subsidiary, Cobb-Vantress, Inc. (Cobb), the Company is engaged in supplying poultry breeding stock across the world. It produces a range of fresh, frozen and refrigerated food products. Its products are marketed and sold by its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores and military commissaries, among others.
Tyson Foods - Positive repeats in RSI, MACD trends into 2020 Hello team,
Notice the price action, RSI and MACD levels during the previous time period within the black bars. These moves mimic the recent action in Tyson Foods showing me a strong technical tailwind for Tyson going into 2020 and earnings in Jan.
Looks like Tyson will test the highs in the next Month and should breakthrough.
Fundamentally, news has come out that Tyson is opening more plants across the globe while also scoring a potential contract to export meat to China. This could provide a nice boost during the next earnings call.
Tyson has a trailing P/E of 16.72 much lower than the SnP 500 - 20 and Consumer staples group - 22. This implies Tyson foods can ride the wave of global growth to a plus 25% gain in the next couple of years. I believe this breakout will start in the first months of 2020. Being a consumer staple stock with international reach, Tyson foods provides an interesting, safe and profitable trade potentially. The critics will talk about swinging commodity prices which Tyson has dealt with for decades. More so the global demand for beef and chicken will only increase as technology drives access to population-dense markets. Capitalizing on that might be difficult though...
Either way price action looks good and as Jim Cramer said "Tyson is feeding the world"
I am long Tyson and think it will be up 10%+ in 2020.
Interesting to watch.... TSN SAFM PPCThese 3 companies were among the 172 facilities that China authorized poultry imports on Friday, yet all 3 were down. Thinking maybe the names didn't come out during trading hours perhaps?
This is to see for myself how the China news will effect certain industries for future "progress".
Tyson Foods: Delayed Earnings Rally Picking Up SteamTSN caught my eye with a superb earnings surprise on top of excellent earnings growth as well as a partnership to align themselves with a meat substitute manufacturer to stick up to the BYND craze. I like a good steak, but TSN isn't about to turn chicken on the latest fake food fad. They were also forming that classic cup and handle pattern that precedes a big jump up on a high growth company's chart pattern when the people holding on for the last year had to get shaken out of the break even volume point. I'm quickly become a fantastic fowl firm fan, and I think you should consider it, too.
TSN settled into a short rally followed by some short term consolidation between the prior two earnings cycles. Their price has been trending upward since early August with confirmation from DI+ over and rising far above ADX. MACD is exhibiting a similar pattern confirming an earlier breakout after the beginning of August in the opposite direction of the rest of the market right now. Relative strength against the S&P 500 confirms this opposing market direction with relative strength index just peeking at heavy buying but not entirely oversold. The 10 day moving average is rising just behind the daily candles and I believe it will continue to do so with a fair upside. Rate of change and money flow also indicate that this is the point that TSN is breaking out of a sideways channel with a classic Bollinger band squeeze that they've been stuck in since May.
I always like to have a good consumer goods or services or an industrial to pair with my high growth tech stocks to settle the stomach from volatility, and this is a good pick with a sizeable upside in my opinion.
TYSON: Estimated to Beat Earnings - Likely Going to >90.00Tyson appears to be gearing up for a break-out finally after earnings this coming week from its latest products like plant based chicken nuggets and other similar products appearing to give it a nice boost.
Similar to Luckin Coffee (LK), the stock failed breakouts 4-5 times on different occasions. In this case, just like LK, it appears a breakout is coming shortly. I suspect wherever Tyson lies just before earnings, it will get a +10-12.00 boost and continue to inch its way closer to 100.00 within a week after earnings.
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Only time will tell. A good bet to buy pre-earnings.
Keep in mind that just because bearish volume increases before a company posts earnings, that is not necessarily an indicator of missed revenue - but rather, the opposite for a more volatile and bigger increase post-earnings for the 'big' money players.
- zSplit
