The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
Number of records: 10
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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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- 3/28/2024 -
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ConAgra Foods, Inc. (CAG) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
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It was a second consecutive positive week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 0.65 points, or 2.24%, and closed at 29.64 on Thursday, March 28, 2024. Weekly volume was -11% 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 price is now at the 27.76% retracement level.

Medium-term trend: [See CAG medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 30.69 and reached 26.62 on February 14, 2024. CAG lost 4.07 points, or 13.26%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (25.02) 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.

The weekly MACD line is above its signal line since November 10, 2023. 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 21, 2024 at 28.64 and reached 29.76 on March 28, 2024. CAG gained -1.12 points, or -3.91%, in 7 days. The price is now at the 10.71% retracement level.

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

The daily MACD line is above its signal line since February 21, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.82
Williams' Percentage Range (W%R) 5.60
Strong Overbought
Lane's Stochastic (%D-Slow) 84.30
Overbought
Greed/Fear Indicator (GFI) 84.15
Overbought
Moving Average Converg./Diverg. (MACD) 0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.75
Williams' Percentage Range (W%R) 26.00
Lane's Stochastic (%D-Slow) 54.23
Greed/Fear Indicator (GFI) 59.50
Moving Average Converg./Diverg. (MACD) -0.75
Trading Signals
Description Value Chart
Upper Bollinger Band 29.84
Price 29.64
Daily Stochastic Crossing 29.53
Quarterly Trendline Resistance 28.97
Parabolic System 28.74
Weekly Stochastic Crossing 28.47
20 Day Moving Average 28.47
50 Day Moving Average 28.47
Lower Bollinger Band 27.50
Quarterly Trendline Support 25.02
Sector and Industry
Description Name Rank
Sector Consumer Staples 5
Industry Packaged Foods & Meats 30
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.64
Low Date 03/21/2024
High 29.76
High Date 03/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.46
Low Date 03/04/2024
High 29.76
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.62
Low Date 02/14/2024
High 29.76
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 28.97
Support 25.02
High 30.69
High Date 12/14/2023
Low 26.62
Low Date 02/14/2024
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.