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.

ConAgra Foods, Inc. (CAG)

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Summary:
Weekly :Overbought sectorBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageRelative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal linePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the ConAgra Foods, Inc. (CAG). During the week, the CAG dropped -1.00 points, or -2.79%, and closed at 34.84 on Friday, May 26, 2023. Weekly volume was -11% below average.

CAG is a member of Consumer Staples Sector. Consumer Staples is the most overbought 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 downtrend had started on January 9, 2023 at 41.30 and reached 34.33 on May 26, 2023. CAG lost 6.97 points, or 16.88%, in 19 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (39.34) 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 May 3, 2023 at 38.73 and reached 34.33 on May 26, 2023. CAG lost 4.40 points, or 11.36%, in 3 weeks. The price is now at the 11.59% retracement level.

Weekly Technical Indicators: [See CAG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 5, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See CAG short-term trend chart]
A short-term downtrend had started on May 17, 2023 at 36.72 and reached 34.33 on May 26, 2023. CAG lost 2.39 points, or 6.51%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since May 3, 2023. This is an indication that the short-term trend is down.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 16.59
Oversold
Williams' Percentage Range (W%R) 93.40
Strong Oversold
Lane's Stochastic (%D-Slow) 11.61
Oversold
Greed/Fear Indicator (GFI) 11.60
Oversold
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.55
Williams' Percentage Range (W%R) 95.80
Strong Oversold
Lane's Stochastic (%D-Slow) 48.96
Greed/Fear Indicator (GFI) 33.31
Moving Average Converg./Diverg. (MACD) 0.37
Trading Signals
Description Value Chart
Yearly Trendline Support 39.34
Upper Bollinger Band 38.57
Yearly Trendline Resistance 37.96
50 Day Moving Average 37.06
20 Day Moving Average 36.62
Weekly Stochastic Crossing 36.29
Parabolic System 35.83
Price 34.84
Daily Stochastic Crossing 34.62
Lower Bollinger Band 33.91
Sector and Industry
Description Name Rank
Sector Consumer Staples 10
Industry Packaged Foods & Meats 95
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.72
High Date 05/17/2023
Low 34.33
Low Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36.72
High Date 05/17/2023
Low 34.33
Low Date 05/26/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.73
High Date 05/03/2023
Low 34.33
Low Date 05/26/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.94
High Date 04/05/2023
Low 34.33
Low Date 05/26/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 37.96
Support 39.34
High 41.30
High Date 01/09/2023
Low 34.33
Low Date 05/26/2023
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.

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