July 18 Chart of the Day - Treehouse Foods

Precision oriented price action technical analysis by far provides the best edges and most setups for traders and investors across the markets so that's what we use for the basis of our reviews

TreeHouse Foods (THS) is a leading private brands snacking and beverage manufacturer with 26 production facilities throughout North America.

The company is making headlines this week as their stock price has surged over 7% in the last month so we wanted to review their chart from a price action technical analysis perspective.

We have featured over 250 Charts of the Day since May 2023 and teach Price Action Trading for FREE  to traders who join our Highly Rated Trade Room.

Monthly Chart 

On the monthly chart we can see that after setting its $104.53 all time high (ATH) back in 2016 price fell dramatically over the next couple of years melting through many potential support levels in "free fall like mode" searching for a  bottom..

The bulls have yet to step in with any lasting conviction.

Weekly Chart

 
On the weekly chart we can see with much more clarity the dramatic fall from ATHs and where price briefly shot up over $100 then reversed starting a downward cycle.

Trading around $38.40 today price has been attempting to find a bottom but unsuccessful so far.

Price is approaching a multi year trend line seemingly with a potential decision to make.  Could this be level that price turns back to the upside or will it continue falling?

Only time will tell for sure what price will do next...

We've layered in traditional Fibonacci levels as well as support/resistance and trend to help identify potential price levels of interest and/or future price targets.

Armed with precision oriented charts like these both traders and investors can formulate their respective plans.

So what's next?