Tyson stock price today is 79.20 USD with a volume of 1.45M. At the same time, its chart fluctuates between 79.30 USD – 80.10 USD. Tyson stock price was a maximum of 81.79 USD and a minimum of 55.28 USD within 52 weeks. Its average volume is 2.03M and it is ranked 28.44B in the MarketCap listings.
Tyson stock price fell -0.0126% from $79.51 to $79.50 in the last day. During the day, the stock fluctuated 1.01% from a minimum of $79.30 to a maximum of $80.10. The price has fallen for 7 days in the last 10 days, with a total decrease of -1.05% for this period. Volume and stock fell in parallel, which is good as volume follows the stock even if it’s down. In the last 24 hours, the trading volume has dropped by -831 thousand and a total of 1 million shares were traded for approximately 114.80 million dollars.
Tyson stock is in the middle of a strong uptrend in short-term environments. There are also more bullish signals within the trend. Considering the current situation, it is estimated that the stock will increase by 11.52% in the next 3 months and will be at a price between $85.81 and $90.73 at the end of this 3-month period.
Tyson Foods Inc is a US-based multinational corporation operating in the food industry, founded in Springdale, Arkansas. It is the world’s second largest processor and marketer of chicken, beef and pork, after the first-ranked JBS S.A. It exports the largest percentage of beef from the United States each year. Tyson Foods is ranked 79th on the 2020 Fortune 500 list of the largest United States companies by total revenue.
Tyson Foods has been involved in some controversies regarding the environment, animal rights, and their employees’ carpets. During the COVID-19 outbreak, Tyson Foods had not fully implemented various measures such as social distancing measures, plexiglass barriers and wearing a face mask. This aroused certain doubts in people. Multiple lawsuits have been filed against Tyson Foods alleging gross and willful negligence for the spread of COVID-19 at its facilities.
Tyson Stock Interpretation
Tyson stock is receiving a sell signal in the short term. However, there is also a long-term buy signal. Since short-term trades are above long-term trades, the Tyson stock that gives a positive forecast has a general buy signal.
Tyson stock could face resistance at around $80.09 from short-term trades as a result of further gains. In the downtrend, the stock could find some support at around $78.90 in long-term trading.
The break in the short term will give a buying signal, and the break in the long term will give a sell signal. Also, a buy signal appears at the 3-month Moving Average Convergence Divergence. In addition, there have been some negative signals, which may have a minor impact on short-term trading. There was a sell signal from the pivot peak on May 21, 2021, and a -1.47% drop on it. The decline may continue until a new low pivot is published. The volume dropped along with the price within 24 hours. This combined decrease results in a reduction in overall risk.
Generally, a few short-term signals appear to be positive. Values below the current position appear as a buying opportunity for Tyson stock to perform well in the short term.
How Should We Act?
Tyson stock has support at $78.82 from retained volume. An upward move is expected as support is tested and this could be a buying opportunity. In general, the stock moves without much volatility. Therefore, it is considered a low-risk investment. Within 24 hours, Tyson stock moved between max and min at $0.80 and 1.01%. Stock volatility averaged 1.34% last week. The stop-loss recommended by analysts was $76.06.
This is not investment advice. You must do your own research and make your own decisions. We are not responsible for the problems that may arise from your investment.