The Hourly View for TSCO
At the moment, TSCO (Get Ratings)’s price is up $1.09 (0.58%) from the hour prior. The hourly chart shows that TSCO has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Out of Retail stocks, TSCO ranks 28th in regards to today’s price percentage change.
TSCO’s Technical Outlook on the Daily Chart
At the moment, TSCO’s price is up $2.79 (1.49%) from the day prior. This is the 2nd day in a row TSCO has seen its price head up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Tractor Supply Co’s price action over the past 90 days can be seen via the chart below.
TSCO: Daily RSI Analysis
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