Tyson Foods Inc Stock Forecast
Tyson Foods Inc stock price ended at $57.29 on Friday, after gaining 0.385%.
(Updated on May 31, 2024)
The Tyson Foods Inc stock price gained 0.385% on the last trading day (Friday, 31st May 2024), rising from $57.07 to $57.29. During the last trading day the stock fluctuated 1.78% from a day low at $56.64 to a day high of $57.65. The price has fallen in 6 of the last 10 days and is down by -5.97% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately $515.74 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $57.15 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.47% during the next 3 months and, with a 90% probability hold a price between $61.99 and $68.89 at the end of this 3-month period.
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TSN Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tyson Foods Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $58.55 and $59.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -7.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Tyson Foods Inc stock
Tyson Foods Inc finds support from accumulated volume at $56.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.01 (1.78%) between high and low. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSN) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Tyson Foods Inc to open at $57.19, and during the day (based on 14 day Average True Range), to move between $56.23 and $58.35, which gives a possible trading interval of +/-$1.06 (+/-1.84%) up or down from last closing price. If Tyson Foods Inc takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.78 (0.86%) than the support at $56.15 (1.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Tyson Foods Inc stock A Buy?
The Tyson Foods Inc stock holds several negative signals and despite the positive trend, we believe Tyson Foods Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.515 Sell Candidate Unchanged
Predicted Opening Price for Tyson Foods Inc of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $57.19 ( 0.169%) | $57.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.20 | 1.59 % | |
| R2 | 57.82 | 0.92 % | ||
| R1 | 57.58 | 0.505 % | ||
| Current price: | 57.29 | |||
| Support | S1 | 56.81 | -0.84 % | |
| S2 | 56.57 | -1.26 % | ||
| S3 | 56.18 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.65 | 4.12 % | |
| R2 | 58.50 | 2.11 % | ||
| R1 | 57.78 | 0.86 % | ||
| Current price | 57.29 | |||
| Support | S1 | 56.15 | -1.99% | |
| S2 | 56.05 | -2.16% | ||
| S3 | 55.73 | -2.72% |
TSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2024 | Aug 30, 2024 | Sep 13, 2024 | $0.490 | 0.86% |
| 2 | Feb 08, 2024 | May 31, 2024 | Jun 14, 2024 | $0.490 | 0.86% |
| 3 | Nov 10, 2023 | Feb 29, 2024 | Mar 15, 2024 | $0.490 | 0.87% |
| 4 | Aug 10, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.480 | 0.93% |
| 5 | May 11, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.480 | 0.88% |
FAQ
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