The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 23.6% 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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- 4/26/2024 -
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ConAgra Foods, Inc. (CAG) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtA Parabolic SAR indicator is above and near the priceDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 0.46 points, or 1.50%, and closed at 31.08 on Friday, April 26, 2024. Weekly volume was 10% 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 Symmetric Triangle chart pattern. The downtrend resistance line (27.44) 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 long-term trend.

Medium-term trend: [See CAG medium-term trend chart]
A medium-term uptrend had started on February 14, 2024 at 26.62 and reached 31.82 on April 25, 2024. CAG gained -5.20 points, or -19.53%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 29.94 and resistance is at 32.96. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 April 25, 2024 at 31.82 and reached 31.06 on April 26, 2024. CAG lost 0.76 points, or 2.39%, in 1 days. Price is near the trend low.

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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (30.77) comes close to the price (31.08). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.88
Williams' Percentage Range (W%R) 19.50
Overbought
Lane's Stochastic (%D-Slow) 84.01
Overbought
Greed/Fear Indicator (GFI) 70.79
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.25
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 81.29
Overbought
Greed/Fear Indicator (GFI) 75.29
Moving Average Converg./Diverg. (MACD) -0.39
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 32.96
Upper Bollinger Band 31.87
Daily Stochastic Crossing 31.46
Price 31.08
Weekly Stochastic Crossing 31.02
Parabolic System 30.77
20 Day Moving Average 30.49
Quarterly Trendline Support 29.94
50 Day Moving Average 29.18
Lower Bollinger Band 28.93
Yearly Trendline Support 27.44
Yearly Trendline Resistance 26.58
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Packaged Foods & Meats 80
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 31.82
High Date 04/25/2024
Low 31.06
Low Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.82
High Date 04/25/2024
Low 31.06
Low Date 04/26/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.27
Low Date 04/12/2024
High 31.82
High Date 04/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 32.96
Support 29.94
Low 26.62
Low Date 02/14/2024
High 31.82
High Date 04/25/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 26.58
Support 27.44
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.