Tyson Foods Inc Stock Forecast

Tyson Foods Inc stock downgraded to Sell Candidate
(Updated on May 24, 2024)

TSN Signals & Forecast

There are few to no technical positive signals at the moment. The Tyson Foods Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $60.45 and $59.90. 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 -3.68%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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 $59.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.29 between high and low, or 2.16%. For the last week the stock has had daily average volatility of 1.43%.

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 Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Tyson Foods Inc to open at $60.12, and during the day (based on 14 day Average True Range), to move between $58.69 and $60.73, which gives a possible trading interval of +/-$1.02 (+/-1.71%) up or down from last closing price. If Tyson Foods Inc takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $59.65 (0.10%) than the resistance at $60.30 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -4.000 Sell Candidate Downgraded

Predicted Opening Price for Tyson Foods Inc of Tuesday, May 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.