Where to find Support for $TSN Tyson Foods, inc The monthly chart for NYSE:TSN has support at the 200 monthly moving average and fibonacci 61.8% retracement level.
TSN trade ideas
The Bottom Fishing Club: Tyson FoodsEarnings Miss.
How low will she go?
Price has dropped below the .786 and slightly above the .886 of the trend up.
Covid low is 42.57.
Bearish red candle on the gap down meaning further drop possible. Time will tell.
Watch for a bounce up soon...known as a Dead Cat Bounce.
These bounces can be a good place to sell if you owned this before the drop. Also good for a very short term long.
No recommendation
Food Stocks are Rising, and CellAg Leads the SectorRising food costs and inflation worldwide are benefiting food industry stocks as consumers are paying more for food, leading to increased profits for food companies. In addition, the food industry is considered a staple industry, providing essential products to consumers, leading to relatively stable and consistent returns for investors. Furthermore, food stocks are considered relatively recession proof given the inelasticity of demand for basic food products. As a result, food industry stocks have become increasingly attractive investments, with increased demand driving up share values prices.
Over the past month the 5 of the 6 food stocks I've got in my portfolio are showing largely positive returns, with a clear preference for food technology over more industrial-scale food, particularly meat, manufacturers. Take a look at the spread; whereas SPY, a convenient baseline, is +6.6% since 12/30. Underperforming this was JBSS, with a performance near par. One factor contributing to this was political instability in Brazil, which has exerted a bearish effect on multinationals like JBS based in the country.
TSN and BHIL, two US meat mainstays, performed +7.67% and +18.89%, respectively. Nice gains over a short window indeed. However, they've been left ion the dust by food tech companies with exposure to the CellAg market.
Take KROP, a foodtech ETF. It has broad exposure to a range of food-related securities including CellAg, and its +19.73% over the last month. This leaves its 1mo performance suspended between the big meat stocks and more speculative cultivated meat plays.
And that takes us to the other end of the spectrum; following some volatility associated with a recent share offering, STKH is +35.71%, a clear lead for my portfolio. Performance has been more moderate for LSE's ANIC (+14.41%) and CULT (+17%).
Overall, Q1 '23 is shaping up to be a very strong Q for food stocks and consumer defensives as a whole. While I'm planning on holding biggies like TSN, JBS, and BHIL on a LT horizon, STKH and other cultivated meat stocks are looking increasingly bullish as the field moves forward by leaps and bounds.
Neutral Triangle formation in TysonThe algorithm has found a well defined triangle in the middle of a decline. This has been seen by the algorithm hundreds of times but there is not a clear percentage to know if this is more bullish or bearish.
Probably, the market is waiting for some news to decide the direction while the volatility keeps declining until everyone agrees.
The best way to trade this is just having a buy and sell orders outside of the trendlines and look for a movement of aprox. 8% in any direction. Just check round numbers, high vlume zones or sup/res to adjust your final exit price.
TSN ShortEarly morning TSN will release quarterly earnings results. Friday before the market closed I saw some bearish contract flows on the 18 Nov 2022 expiry date for this underlying stock. Personally, I am not a big fan of playing earnings for the short term. Based on my quantitative analysis model I found that TSN stock is now at one of the lowest volatility levels. Earnings calls could increase volatility and stock could go either direction. With a tight stop, I think a bearish case is possible.
TYSON FOODS, INC
The stock is in long term trend as indicates the 200-Day Simple Moving Average. A correction at 38% fibo level occurred, however the stock price bounced back to the initial trend.
The PE ratio is well attractive compared to the overall market valuation.
The Return on Equity ratio stands at 21% well above its historical average.
The Liquidity is not great, however is above 1 and the Debt to Equity ratio is below 1.
Tyson Pulls Back and BouncesTyson Foods has been riding strong results higher since the summer. Now it may be swinging back to the upside.
The first pattern on today’s chart is the bullish earnings gap on February 7. TSN briefly flirted with triple digits after the report, then pulled back to retrace the entire move.
Second, consider price action at the bottom of the dip last week: a drop under $90, with a quick recovery. That “abandoned baby” candlestick is a potentially bullish reversal pattern.
The bounce also occurred at the 50-day simple moving average (SMA). TSN found support at the same line in September and late December.
Next, Tuesday’s move landed the stock above both its 8- and 21-day exponential moving averages (EMAs).
Finally, TSN has reclaimed the $94.24 level where it peaked in early 2020.
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Tyson Expanding WedgeNoticed this and thought I would share.
Unsure how to trade this.
Elliott waves would seem to say its bullish.
Moving averages are trending with positive momentum.
Thomas Bulkowski book seems to say possibly bearish.
I am limited on time today. More to come.
I think this will be bullish but am unsure
