Tractor Supply Company Slips to 223rd in Trading Volume Ranking as Shares Decline 0.99%

On June 6, 2025, Tractor Supply Company (TSCO) experienced a significant decline in trading volume, with a total of 3.57 billion shares traded, marking a 34.94% decrease from the previous day. This decline placed TSCO at the 223rd position in terms of trading volume for the day. The stock price of TSCO also saw a decrease of 0.99%.

Tractor Supply Company's recent three-day rally, which saw a cumulative 7.50% advance, has sparked interest in its technical indicators. The latest session on June 5 closed at $52.03, forming a long-bodied white candle, indicating strong bullish momentum. This pattern emerged near the critical support zone of $47.24–$47.85, established on June 2–3. Immediate resistance is at $52.03–$52.31, with major resistance near the $55.00 psychological level.

The 50-day moving average (MA) is flattening near $50.80, while the 100-day MA at $52.15 and 200-day MA at $54.10 maintain downward slopes, signaling persistent long-term bearish pressure. Recent price action has reclaimed the 50-day MA but remains below both longer-term averages. A sustained break above the 100-day MA would suggest improving intermediate momentum, though the 200-day MA’s continued descent reinforces the overarching downtrend from March’s $57.21 peak.

The MACD is developing a bullish crossover, with its histogram shifting positive as the signal line converges upward. This aligns with the KDJ oscillator’s trajectory, where the %K line (83) has crossed above %D (75), entering overbought territory while still trending higher. Though MACD confirms strengthening upside momentum, KDJ’s overbought condition implies near-term exhaustion risk. Divergence is notable—MACD hasn’t yet matched March’s high while prices recover, suggesting latent weakness.

Price has pushed above the 20-day Bollinger Band midline ($50.25) after three weeks of containment within the lower half of the bands. The bandwidth remains relatively narrow (2.8% volatility), indicating compressed energy. A close above the upper band ($52.90) would signal breakout potential, while failure to hold above the midline may trigger reversion toward the lower band ($47.60).

Volume surged 52% to 10.7M shares during the June 5 rally, validating bullish conviction—the highest single-day volume since April 24’s sell-off. The 3-day advance saw escalating volume, confirming accumulation. However, this follows a 20-day period of below-average volume, warranting ongoing scrutiny to ensure sustainability. Recent volume anomalies highlight its importance in confirming breakouts.

The 14-day RSI has rebounded from oversold conditions (29.3 on June 2) to a neutral 58.7. While avoiding overbought territory, the steep ascent reflects strong recovery momentum. Historically, TSCO’s RSI reversals from <30 preceded bounces. However, the indicator’s warning nature is underscored by its divergence during March’s $57.21 peak.

Applying Fib levels to the March high ($57.21) and May low ($47.24) shows the price testing the 61.8% retracement level at $53.38 after breaching the 50% level ($52.23). The 78.6% level at $55.01 coincides with the 200-day MA and April’s rejection zone. Current momentum suggests potential for a test of $53.38–$55.01 confluence resistance, though failure there may reactivate downside toward the $48.80 (38.2%) support shelf.

Confluence appears as volume-supported bullish momentum converges with MACD/KDJ upticks and the break above the 50-day MA, targeting $52.03–$52.31 resistance. However, divergences warrant caution: RSI and MACD lack corresponding strength relative to March’s highs, while Bollinger Band compression hints at unresolved volatility. Price faces a decisive test at Fib/MA resistance near $53.38–$55.01, where sustained volume will determine trend continuity.