The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Campbell Soup
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineOversold sectorTrend resistance at 36.53
Daily :Stochastic signal line moved above oversold areaPrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Campbell Soup (CPB). During the week, the CPB gained 0.60 points, or 1.64%, and closed at 37.23 on Friday, October 05, 2018. Weekly volume was 31% above average.

CPB is a member of Consumer Goods Sector. Consumer Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CPB long-term trend chart]
A long-term downtrend had started on February 9, 2017 at 64.23 and reached 32.63 on June 7, 2018. CPB lost 31.60 points, or 49.20%, in 69 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (36.53). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See CPB medium-term trend chart]
A medium-term downtrend had started on August 3, 2018 at 43.98 and reached 35.89 on September 28, 2018. CPB lost 8.09 points, or 18.39%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 33.33 and resistance is at 39.93. 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 CPB weekly technical indicators chart]
Weekly technical indicators are neutral.

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

Short-term trend: [See CPB short-term trend chart]
A short-term downtrend had started on September 14, 2018 at 41.33 and reached 35.89 on September 28, 2018. CPB lost 5.44 points, or 13.16%, in 14 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CPB 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. 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 Lane's Stochastic help.

The daily MACD line is below its signal line since September 20, 2018. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.90
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 20.27
Greed/Fear Indicator (GFI) 20.71
Moving Average Converg./Diverg. (MACD) -0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.17
Williams' Percentage Range (W%R) 61.20
Lane's Stochastic (%D-Slow) 26.44
Greed/Fear Indicator (GFI) 35.54
Moving Average Converg./Diverg. (MACD) -0.97
Trading Signals
Description Value Chart
Upper Bollinger Band 42.00
50 Day Moving Average 40.28
Weekly Trendline Resistance 39.93
20 Day Moving Average 39.01
Parabolic System 38.21
Weekly Stochastic Crossing 37.68
Price 37.23
Daily Stochastic Crossing 36.70
Quarterly Trendline Resistance 36.53
Lower Bollinger Band 35.08
Weekly Trendline Support 33.33
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Food - Major Diversified 68
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 41.33
High Date 09/14/2018
Low 35.89
Low Date 09/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 39.93
Support 33.33
High 43.98
High Date 08/03/2018
Low 35.89
Low Date 09/28/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.63
Low Date 06/07/2018
High 43.98
High Date 08/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 36.53
Support 28.19
High 64.23
High Date 02/09/2017
Low 32.63
Low Date 06/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.89
High Date 07/06/2016
Low 32.63
Low Date 06/07/2018
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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