Tyson Food - Will it be a bull rally?I would think that a bull rally is possible after an inverted head and shoulder is seen forming.
TSNF34 trade ideas
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 Broadening Wedge into Divvy run-upTSN Broadening Wedge into Divvy run-up
look for a break above the shelf and show of support for long signal
$TSN with a Neutral outlook following its earnings #Stocks 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%.
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.
TSN BUY++ PE of 5!!!! bounce back to $77 in near termTSN has a PE of 5!! is a dividend paying stock and highly oversold here. I would ADD on any weakness
$TSN Key levels, Analysis & TargetsTSN Key levels, Analysis & Targets
Big Trends in Tyson Foods, Price According to Elliott Wave Theory
Price to down " Wave A "
$TSN $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.
6/6/2022 NYSE (TSN)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
$TSN with a Neutral outlook following its earnings #Stocks 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 - Long Term SupportTSN 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
29/4/2022 NYSE (TSN)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
Long scalp $TSNBased 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.
HigherIf 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 :)
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 $94.24 level where it peaked in early 2020.
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$TSN breakout or fail? Right at long term resistance, potential triple top. Oversold RSI and overextended from the 9ema daily. Calls over 94.3. Puts below 90.22 or if it fails to break out over 94.3.
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
TSN, Short position with wedge up patternHello, scaning market found out that this stock has wedge up pattern, that means down trend will come soon, need to wait for support brakeout. It down trend will go for 1month, what you think? Am I wrong? Or support my idea?
$TSN Breakout Room to $94$TSN Broke resistance, retested and is currently holding as support. Room to $94
$TSN - Rounding bottomTSN rounding bottom close to breakout. I would like to see a breakout retest for support before going long.
