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Advanced TA SearchArchive
- 9/22/2023 -
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ConAgra Foods, Inc. (CAG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gave back -0.08 points, or -0.28%, and closed at 28.86 on Friday, September 22, 2023. Weekly volume was -22% below average.
CAG is a member of Consumer Staples Sector. Consumer Staples is the second 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 downtrend had started on January 9, 2023 at 41.30 and reached 28.35 on September 12, 2023. CAG lost 12.95 points, or 31.36%, in 35 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (46.09) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 28.35 on September 12, 2023. CAG lost 10.38 points, or 26.80%, in 18 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See CAG weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Relative Strength Index, 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, Relative Strength Index and 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. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 August 29, 2023 at 30.58 and reached 28.35 on September 12, 2023. CAG lost 2.23 points, or 7.29%, in 14 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (28.55) 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 short-term trend.
 Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since September 7, 2023.
A Parabolic SAR (stop and reversal) indicator (28.63) comes close to the price (28.86). 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.
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