Can Seneca Foods Corporation (NASDAQ:SENEA) Climb Back to its $35.8985 High?

Taking a look at some key pivot levels we note that the one month Pivot Woodie support stands at 33.4075 while 1-month resistance level is at 34.5325.  On the other hand shares would see support at the 1-month pivot woodie of 33.4075 and resistance at 34.5325.  One of the key differences in calculating Woodie’s Pivot Point to other pivot points is that the current session’s open price is used in the PP formula with the previous session’s high and low.

As we move deeper into earnings season, investors and analysts will be closely watching which companies look they are getting things right. Many investors will be following which companies beat or miss the estimates by a wide margin. Large surprise factors can cause a stock to jump or fall shortly after the actual numbers are released. Investors may also be tracking which industry leaders come out on top during the latest round of earnings reports. Tracking the sectors that are poised for growth may help give the investor a good idea for the types of stocks they may want to add to the portfolio as we get closer to the end of the current calendar year.   

Seneca Foods Corporation (NASDAQ:SENEA) ran -4.2153845 after opening at $32.23.  795 shares traded hands for the 322182180 market cap company.  Seneca Foods Corporation (NASDAQ:SENEA) is a “Strong Sell” according to the social consensus. 

Diving into some additional pivot points we note that the Fibonacci S1 stands at 32.918583 while the R1 resistance number is 33.778084.  The S1 Camarilla pivot is 33.366875 while the R1 resistance is 33.573124.  The Demark Pivot is as follows: R1 resistance is 34.2225 while S1 support is 33.0975.

Seneca Foods Corporation (NASDAQ:SENEA) shares hit a high of 35.8985 within the past month while touching a low point of 31.12 over the past 30 days. 

Turning to simple moving averages, Seneca Foods Corporation, the below chart outlines the current numbers:

10-Day Simple Moving Average: 33.01708
20-Day Simple Moving Average: 33.120033
30-Day Simple Moving Average: 33.00769
50-Day Simple Moving Average: 33.093555
100-Day Simple Moving Average: 32.537575
200-Day Simple Moving Average: 31.262815

Consensus Rating: Strong Sell

Turning to Bollinger Bands, the upper 20 band holds at 34.25253 while the lower is currently 31.98754.  The average volume over the past 3 months is 15913.611 compared to the 10-day average of 12632.

Other moving averages that have been taken into consideration in order to try to figure out the potential direction of the shares include the Hull Moving Average.  The Hull MA currently reads 32.063396.  The Positive Directional Indicator is at 11.408812.  The volume weighted moving average stands at 33.15988.  Putting all the pieces together the moving average signal for Seneca Foods Corporation (NASDAQ:SENEA) is a consensus “Strong Sell” signal.

Changing lanes over to oscillators, we see that the Aroon Up oscillator is currently 78.57143 while the Aroon Down shows 100.  These are useful in determining if a reversal might be in the near future.  Given the Ultimate Oscillator number of 37.33366 and Parabolic SAR number of 34.0272, combined with other variables, Seneca Foods Corporation (NASDAQ:SENEA) has been given a consensus oscillator rating of “Sell”. 

The stock market can be influenced by many different factors such as news, politics, earnings reports, or even company rumors. Often times the market may not react as expected to certain events. This may cause the investor to become frustrated at times. Sometimes certain market moves may seem to go against prevailing logic. This is why it can be extremely hard to predict near-term moves with any certainty. Taking a big picture look at the financial markets may help offer a clearer picture of how all the different aspects contribute to market movements. Figuring out why a certain move happened may help shed some light when the same scenario arises again in the future.  

Investors will be closely watching to see if the firm can move towards the $42.65 time high as the Bull Bear Power number stands at -2.1708736.  

Seneca Foods Corporation (NASDAQ:SENEA) has returned -6.12368 after closing at $—  in the recent session.  The stock is looking to return closer to the 52-week high of $35.8985.