Rising 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...
The 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...
The PEAD projected a Neutral outlook for $TSN after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
Early 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....
$TSN has a nice setup on the EW. Bouncing off the 200EMA and now onto the 3rd leg.
Short interest has decreased by 16% since last earnings. I see a move up and $93 as the primary target.
NOT FA. Please DYOR.
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $87.25
Target Price: $86.00
Stop Loss: $88.50
The PEAD projected a Neutral outlook for $TSN after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 71.43%.
TSN has recovered a long term trend line and formed what could be called a flag above the major trend line
This will lead to a larger break out or continuation along the uptrend line
Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $95.85 / $94.64
Target Price: $97.05 / $95.44
Stop Loss: $93.84
Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $TSN exceeds today's high of $92.50 during tomorrow's session.
If the price can close above 95 for 2 or 3 days in a row, it should keep pushing to the upper band of the up trending channel over the next few weeks, probably up to 110 area! Just my opinion :)
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,...
Tyson 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...
