ConAgra Foods, Inc. (CAG)
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|It was a first positive week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 0.51 points, or 1.46%, and closed at 35.52 on Friday, March 17, 2023. It was the best weekly gain since January 6, 2023. CAG was trading at average weekly trading volume. |
Long-term trend: [See CAG long-term trend chart]
A long-term downtrend had started on January 9, 2023 at 41.30 and reached 34.84 on March 10, 2023. CAG lost 6.46 points, or 15.64%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 34.77 and resistance is at 36.07. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
Medium-term trend: [See CAG medium-term trend chart]
A medium-term downtrend had started on February 27, 2023 at 36.94 and reached 34.84 on March 10, 2023. CAG lost 2.10 points, or 5.68%, in 1 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (34.21) is broken. A broken support is considered to be a long-term bullish 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 resistance line 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. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 weekly MACD line is below its signal line since February 3, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively 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 March 10, 2023 at 34.84 and reached 35.93 on March 17, 2023. CAG gained -1.09 points, or -3.13%, in 7 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 MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.