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Advanced TA SearchArchive - 4/19/2024 - Sign In to see current Signals. |
ConAgra Foods, Inc. (CAG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 1.31 points, or 4.47%, and closed at 30.62 on Friday, April 19, 2024. Weekly volume was 13% above average. Long-term trend: [See CAG long-term trend chart] A long-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 (24.22) 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 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 31.57 on April 5, 2024. CAG gained -4.95 points, or -18.60%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 29.77 and resistance is at 32.50. 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 technical indicators are neutral. 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 5, 2024 at 31.57 and reached 29.27 on April 12, 2024. CAG lost 2.30 points, or 7.29%, in 7 days. The price is now at the 58.70% retracement level. Daily Technical Indicators: [See CAG daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger. 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.
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