The Greedy Trader Weekly Analysis
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ConAgra Foods, Inc.
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversoldWeekly  MACD line has moved above its signal line
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 0.62 points, or 2.76%, and closed at 23.09 on Friday, March 15, 2019. Weekly volume was 23% above average.

Long-term trend: [See CAG long-term trend chart]
A long-term downtrend had started on November 8, 2016 at 48.86 and reached 20.22 on December 26, 2018. CAG lost 28.64 points, or 58.62%, in 111 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (34.48) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See CAG medium-term trend chart]
A medium-term downtrend had started on June 21, 2018 at 39.43 and reached 20.22 on December 26, 2018. CAG lost 19.21 points, or 48.72%, in 26 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 13.84 and resistance is at 36.33. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CAG weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See CAG short-term trend chart]
A short-term downtrend had started on February 15, 2019 at 24.56 and reached 22.15 on March 7, 2019. CAG lost 2.41 points, or 9.81%, in 20 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since March 4, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.74
Williams' Percentage Range (W%R) 61.40
Lane's Stochastic (%D-Slow) 63.99
Greed/Fear Indicator (GFI) 49.44
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.64
Williams' Percentage Range (W%R) 83.50
Oversold
Lane's Stochastic (%D-Slow) 45.91
Greed/Fear Indicator (GFI) 33.14
Moving Average Converg./Diverg. (MACD) -3.33
Trading Signals
Description Value Chart
Upper Bollinger Band 24.04
20 Day Moving Average 23.25
Price 23.09
Daily Stochastic Crossing 22.93
Weekly Stochastic Crossing 22.74
50 Day Moving Average 22.38
Parabolic System 22.15
Lower Bollinger Band 21.93
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Food - Major Diversified 23
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22.15
Low Date 03/07/2019
High 23.33
High Date 03/14/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.56
High Date 02/15/2019
Low 22.15
Low Date 03/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.22
Low Date 12/26/2018
High 24.56
High Date 02/15/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 36.33
Support 13.84
High 39.43
High Date 06/21/2018
Low 20.22
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 37.65
Support 34.48
High 48.86
High Date 11/08/2016
Low 20.22
Low Date 12/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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