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Downtrend Broken Resist.Archive
- 12/13/2024 -
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ConAgra Foods, Inc. (CAG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 0.96 points, or 3.52%, and closed at 28.20 on Friday, December 13, 2024. It was the best weekly gain since September 6, 2024. Weekly volume was 16% above 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 Rising Channel chart pattern. The downtrend support line (29.18) 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 uptrend had started on October 6, 2023 at 25.16 and reached 33.24 on September 10, 2024. CAG gained -8.08 points, or -32.11%, in 48 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (29.18) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See CAG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since October 4, 2024. The distance between MACD and the signal line is relatively high, but getting smaller. 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 November 15, 2024 at 26.21 and reached 28.69 on December 5, 2024. CAG gained -2.48 points, or -9.46%, in 20 days. The price is now at the 19.76% 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 November 22, 2024. This is an indication that the short-term trend is up.
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.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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