|
|
Advanced TA SearchArchive
- 5/10/2024 -
Sign In to see current Signals. |
ConAgra Foods, Inc. (CAG) Technical Analysis
|
 |
| 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 0.54 points, or 1.77%, and closed at 31.13 on Friday, May 10, 2024. Weekly volume was -28% 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 chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (27.60) 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 October 6, 2023 at 25.16 and reached 31.82 on April 25, 2024. CAG gained -6.66 points, or -26.47%, in 28 weeks. The price is now at the 10.36% retracement level.
 Weekly Technical Indicators: [See CAG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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, but getting smaller. It indicates that the current medium-term uptrend 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 April 25, 2024 at 31.82 and reached 30.09 on May 6, 2024. CAG lost 1.73 points, or 5.44%, in 11 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance 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 29, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
| |
|
|