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Downtrend Broken Resist.Archive
- 1/3/2025 -
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Campbell Soup (CPB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Campbell Soup (CPB). During the week, the CPB gave back -0.07 points, or -0.17%, and closed at 41.74 on Friday, January 3, 2025. Weekly volume was -20% below average.
 Long-term trend: [See CPB long-term trend chart]
A long-term uptrend had started on October 12, 2023 at 37.94 and reached 52.81 on September 10, 2024. CPB gained -14.87 points, or -39.19%, in 47 weeks. The price is now at the 74.45% retracement level.
 Medium-term trend: [See CPB medium-term trend chart]
A medium-term downtrend had started on September 10, 2024 at 52.81 and reached 41.13 on December 20, 2024. CPB lost 11.68 points, or 22.12%, in 14 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 39.26 and resistance is at 43.69. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See CPB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 4, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 CPB short-term trend chart]
A short-term uptrend had started on December 20, 2024 at 41.13 and reached 42.27 on January 2, 2025. CPB gained -1.14 points, or -2.77%, in 13 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See CPB daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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