Tyson Foods (TSN) reported an earnings and revenue miss Monday morning and trimmed their sales guidance. The food giant's stock opened Monday with a large gap to the downside.
Let's review the charts and indicators to see what's cooking.
In the daily bar chart of TSN, below, I can see that the share price has been in a downward trend the past year and a price gap to the downside is just a continuation of an existing decline. TSN trades below the declining 50-day moving average line and below the declining 200-day line.
The On-Balance-Volume (OBV) line declined into a March low before a temporary rebound. The Moving Average Convergence Divergence (MACD) oscillator is crossing back below the zero line for an outright sell signal.