The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 7/19/2024 -
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ConAgra Foods, Inc. (CAG) Technical Analysis

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Summary:
Weekly :Oversold sectorStochastic signal line moved above oversold areaBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 1.28 points, or 4.51%, and closed at 29.63 on Friday, July 19, 2024. It was the best weekly gain since April 19, 2024. Weekly volume was -8% below average.

CAG is a member of Consumer Staples Sector. Consumer Staples is the 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 CAG long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 25.16 and reached 31.82 on April 25, 2024. CAG gained -6.66 points, or -26.47%, in 28 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 28.09 and resistance is at 32.75. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See CAG medium-term trend chart]
A medium-term downtrend had started on April 25, 2024 at 31.82 and reached 27.46 on July 11, 2024. CAG lost 4.36 points, or 13.70%, in 11 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (26.76) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CAG may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral. During the last week, weekly 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 weekly MACD line is below its signal line since June 14, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 July 11, 2024 at 27.46 and reached 30.66 on July 18, 2024. CAG gained -3.20 points, or -11.65%, in 7 days. The price is now at the 32.19% retracement level.

Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since July 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

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 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.13
Williams' Percentage Range (W%R) 13.70
Overbought
Lane's Stochastic (%D-Slow) 83.64
Overbought
Greed/Fear Indicator (GFI) 78.67
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.99
Williams' Percentage Range (W%R) 36.70
Lane's Stochastic (%D-Slow) 21.41
Greed/Fear Indicator (GFI) 43.16
Moving Average Converg./Diverg. (MACD) -0.03
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 32.75
Daily Stochastic Crossing 30.22
Upper Bollinger Band 30.18
Price 29.63
50 Day Moving Average 29.44
20 Day Moving Average 28.78
Weekly Stochastic Crossing 28.28
Monthly Trendline Resistance 28.23
Quarterly Trendline Support 28.09
Parabolic System 27.90
Lower Bollinger Band 27.86
Monthly Trendline Support 26.76
Sector and Industry
Description Name Rank
Sector Consumer Staples 1
Industry Packaged Foods & Meats 26
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.46
Low Date 07/11/2024
High 30.66
High Date 07/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.46
Low Date 07/11/2024
High 30.66
High Date 07/18/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 28.23
Support 26.76
High 31.82
High Date 04/25/2024
Low 27.46
Low Date 07/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 32.75
Support 28.09
Low 25.16
Low Date 10/06/2023
High 31.82
High Date 04/25/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.