The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Number of records: 0
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/15/2024 -
Sign In to see current Signals.

ConAgra Foods, Inc. (CAG) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Trend resistance at 27.92
Daily :The price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gave back -0.06 points, or -0.21%, and closed at 28.07 on Friday, March 15, 2024. Weekly volume was -26% below average.

Long-term trend: [See CAG long-term trend chart]
A long-term downtrend had started on January 9, 2023 at 41.30 and reached 25.16 on October 6, 2023. CAG lost 16.14 points, or 39.08%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (27.92). 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 CAG medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 25.16 and reached 30.69 on December 14, 2023. CAG gained -5.53 points, or -21.98%, in 9 weeks. The price is now at the 47.38% retracement level.

Weekly Technical Indicators: [See CAG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 March 13, 2024 at 28.70 and reached 27.74 on March 15, 2024. CAG lost 0.96 points, or 3.34%, in 2 days. The price is now at the 34.38% retracement level.

Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since February 21, 2024. The distance between MACD and the signal line is low, but getting bigger.

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 declined below 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) 51.17
Williams' Percentage Range (W%R) 52.70
Lane's Stochastic (%D-Slow) 65.43
Greed/Fear Indicator (GFI) 54.62
Moving Average Converg./Diverg. (MACD) -0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.72
Williams' Percentage Range (W%R) 72.50
Lane's Stochastic (%D-Slow) 36.76
Greed/Fear Indicator (GFI) 36.78
Moving Average Converg./Diverg. (MACD) -0.83
Trading Signals
Description Value Chart
Upper Bollinger Band 28.75
50 Day Moving Average 28.43
Daily Stochastic Crossing 28.22
Price 28.07
20 Day Moving Average 28.06
Weekly Stochastic Crossing 28.04
Yearly Trendline Resistance 27.92
Parabolic System 27.65
Lower Bollinger Band 27.48
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Packaged Foods & Meats 21
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.70
High Date 03/13/2024
Low 27.74
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.70
High Date 03/13/2024
Low 27.74
Low Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.69
High Date 12/14/2023
Low 26.62
Low Date 02/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.16
Low Date 10/06/2023
High 30.69
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 27.92
Support 17.82
High 41.30
High Date 01/09/2023
Low 25.16
Low Date 10/06/2023
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.