TRACTOR SUPPLY CO. - Daily - Technical analysis published on 10/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 96.49 USD
My targets
91.36 USD (-0.75%)
85.40 USD (-7.22%)
My analysis
TRACTOR SUPPLY CO. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 96.49 USD. The next support located at 91.36 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 85.40 USD. Below this support, sellers could then target 78.15 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TRACTOR SUPPLY CO. rating 92.05 USD. The price registered a decrease of -1.14% on the session and was traded between 91.86 USD and 93.96 USD over the period. The price is currently at +0.21% from its lowest and -2.03% from its highest.91.86
93.96
92.05
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TRACTOR SUPPLY CO. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 78.15 | 85.40 | 91.36 | 92.05 | 96.49 | 99.27 | 105.18 |
Change (%) | -15.10% | -7.22% | -0.75% | - | +4.82% | +7.84% | +14.26% |
Change | -13.90 | -6.65 | -0.69 | - | +4.44 | +7.22 | +13.13 |
Level | Major | Minor | Major | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 90.45 | 91.48 | 92.29 | 93.32 | 94.13 | 95.16 | 95.97 |
Camarilla | 92.60 | 92.77 | 92.94 | 93.11 | 93.27 | 93.44 | 93.61 |
Woodie | 90.35 | 91.42 | 92.19 | 93.26 | 94.03 | 95.10 | 95.87 |
Fibonacci | 91.48 | 92.18 | 92.61 | 93.32 | 94.02 | 94.45 | 95.16 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 84.73 | 86.90 | 90.00 | 92.17 | 95.27 | 97.44 | 100.54 |
Camarilla | 91.66 | 92.14 | 92.62 | 93.11 | 93.59 | 94.07 | 94.55 |
Woodie | 85.20 | 87.14 | 90.47 | 92.41 | 95.74 | 97.68 | 101.01 |
Fibonacci | 86.90 | 88.92 | 90.16 | 92.17 | 94.19 | 95.43 | 97.44 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 65.76 | 77.09 | 83.76 | 95.09 | 101.76 | 113.09 | 119.76 |
Camarilla | 85.49 | 87.14 | 88.79 | 90.44 | 92.09 | 93.74 | 95.39 |
Woodie | 63.44 | 75.93 | 81.44 | 93.93 | 99.44 | 111.93 | 117.44 |
Fibonacci | 77.09 | 83.96 | 88.21 | 95.09 | 101.96 | 106.21 | 113.09 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 41.99 | |
MACD (12,26,9): | -2.5500 | |
Directional Movement: | -5.03 | |
AROON (14): | -50.00 | |
DEMA (21): | 90.09 | |
Parabolic SAR (0,02-0,02-0,2): | 88.74 | |
Elder Ray (13): | 0.52 | |
Super Trend (3,10): | 97.17 | |
Zig ZAG (10): | 92.05 | |
VORTEX (21): | 0.7900 | |
Stochastique (14,3,5): | 48.98 | |
TEMA (21): | 89.84 | |
Williams %R (14): | -56.07 | |
Chande Momentum Oscillator (20): | -0.03 | |
Repulse (5,40,3): | -0.9200 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.4400 | |
Courbe Coppock: | 11.95 |
MA7: | 91.16 | |
MA20: | 93.79 | |
MA50: | 99.49 | |
MA100: | 103.29 | |
MAexp7: | 91.80 | |
MAexp20: | 93.68 | |
MAexp50: | 98.04 | |
MAexp100: | 100.09 | |
Price / MA7: | +0.98% | |
Price / MA20: | -1.86% | |
Price / MA50: | -7.48% | |
Price / MA100: | -10.88% | |
Price / MAexp7: | +0.27% | |
Price / MAexp20: | -1.74% | |
Price / MAexp50: | -6.11% | |
Price / MAexp100: | -8.03% |
News
The last news published on TRACTOR SUPPLY CO. at the time of the generation of this analysis was as follows:
- Tractor Supply Company Aims to #DonateAMillion to 4-H Youth Nationwide with Fall Paper Clover Campaign
- Tractor Supply and Citi Retail Services Launch New 5% Back in Rewards for Credit Cardholders
- Tractor Supply Company Promotes Mary Winn Pilkington to Senior Vice President of Investor Relations and Public Relations
- Tractor Supply Company Celebrates 1,800th Store Opening
- The Toro Company and Tractor Supply Company Announce Strategic Partnership
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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