Campbell Soup (CPB)
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|It was the negative week for the Campbell Soup (CPB). During the week, the CPB dropped -1.65 points, or -3.04%, and closed at 52.68 on Friday, May 19, 2023. It was the worst weekly loss since January 20, 2023. Weekly volume was 7% above average. |
CPB is a member of Consumer Staples Sector. Consumer Staples is the most overbought 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 CPB long-term trend chart]
A long-term uptrend had started on October 28, 2021 at 39.76 and reached 57.78 on December 28, 2022. CPB gained -18.02 points, or -45.32%, in 60 weeks. The price is now at the 28.30% retracement level.
Medium-term trend: [See CPB medium-term trend chart]
A medium-term uptrend had started on February 3, 2023 at 49.85 and reached 56.04 on April 6, 2023. CPB gained -6.19 points, or -12.42%, in 8 weeks. The price is now at the 54.28% retracement level.
Weekly Technical Indicators: [See CPB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 21, 2023. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
Short-term trend: [See CPB short-term trend chart]
A short-term downtrend had started on April 6, 2023 at 56.04 and reached 52.16 on May 16, 2023. CPB lost 3.88 points, or 6.92%, in 40 days. The price is now at the 13.40% retracement level.
Daily Technical Indicators: [See CPB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 13, 2023. This is an indication that the short-term trend is down.
The price touches the lower Bollinger Band. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.