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Tyson Foods beat earnings and pushed right into resistance that has held twice before

Tyson Foods (TSN) came out before the market opened today and delivered a solid earnings beat, with EPS topping expectations by 11.59% and revenue beating by 0.18%. Investors liked what they saw and have rewarded the stock with a near 4% pop, pushing price right up into a resistance level that has been a stubborn wall on this chart for over a year.

Tyson is one of the largest meat producers in the world, processing chicken, beef, and pork for retail and foodservice customers globally.

Here is what the chart is saying. The high so far today is sitting right around $66.25, and that number has a lost history of significance for TSN. This level was tested back in September of 2024 and again in February of 2026, and price got rejected both times. That makes $66.25 a real line in the sand, and the third test of any level like this is usually the most important one. Either price is going to clear it with conviction, or you're going to see another rejection that sends TSN back into support.

If TSN can break above $66.25 with a confirmed weekly close, the probabilities shift in favor of a continued push higher. The next resistance to deal with is at $72.83. Beyond that, the 50% midline of the inclining parallel channel sits at $83.33 and clearing that would put TSN back in the top half of the inclining parallel channel.

On the downside, if this earnings push runs out of steam at $66.25 and gets rejected for a third time, the first level to watch on a pullback is support at $60.36. A deeper pullback brings the bottom of the parallel channel into play at $53.85.

Remember that generally when a stock has tested the same level twice and failed, the third attempt is where the market makes up its mind.

Author

Drew Dosek

Drew Dosek

Verified Investing

Passionate technical and cycle analyst committed to empowering traders through data-driven insights.

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