The Greedy Trader Weekly Analysis
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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ConAgra Foods, Inc.
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Summary:
Weekly :Broken trend support line - Downtrend exhaustionRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversold
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe period of high volatility of the stock price
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It was the negative week for the ConAgra Foods, Inc. (CAG). During the week, the CAG dropped -0.25 points, or -1.14%, and closed at 21.61 on Friday, January 11, 2019. Weekly volume was 98% 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 (34.38) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 September 14, 2018 at 38.43 and reached 20.22 on December 26, 2018. CAG lost 18.21 points, or 47.38%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 17.95 and resistance is at 36.03. 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 Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 21, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See CAG short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 20.22 and reached 22.58 on January 7, 2019. CAG gained -2.36 points, or -11.67%, in 12 days. The price is now at the 41.10% retracement level.

Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The distance between the Bollinger Bands is 413.91% higher then one year average. It indicates the period of high volatility of the stock price. 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) 29.11
Williams' Percentage Range (W%R) 88.20
Oversold
Lane's Stochastic (%D-Slow) 54.34
Greed/Fear Indicator (GFI) 31.75
Moving Average Converg./Diverg. (MACD) -2.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 16.87
Oversold
Williams' Percentage Range (W%R) 93.10
Strong Oversold
Lane's Stochastic (%D-Slow) 6.09
Strong Oversold
Greed/Fear Indicator (GFI) 13.06
Oversold
Moving Average Converg./Diverg. (MACD) -1.66
Trading Signals
Description Value Chart
Upper Bollinger Band 30.73
50 Day Moving Average 29.41
20 Day Moving Average 23.62
Parabolic System 22.36
Price 21.61
Daily Stochastic Crossing 21.61
Weekly Stochastic Crossing 21.14
Monthly Trendline Support 17.95
Lower Bollinger Band 17.10
Sector and Industry
Description Name Rank
Sector Consumer Goods 5
Industry Food - Major Diversified 20
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 20.22
Low Date 12/26/2018
High 22.58
High Date 01/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.60
High Date 10/24/2018
Low 20.22
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 36.03
Support 17.95
High 38.43
High Date 09/14/2018
Low 20.22
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 37.97
Support 34.38
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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