|
|
Downtrend Broken Resist.Archive
- 7/19/2024 -
Sign In to see current Signals. |
Campbell Soup (CPB) Technical Analysis
|
 |
| Summary:
| | Weekly :   | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Campbell Soup (CPB). During the week, the CPB gained 0.93 points, or 2.05%, and closed at 46.40 on Friday, July 19, 2024. Weekly volume was -13% below average.
CPB is a member of Consumer Staples Sector. Consumer Staples is the 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 CPB long-term trend chart]
A long-term uptrend had started on January 2, 2019 at 32.03 and reached 57.78 on December 28, 2022. CPB gained -25.75 points, or -80.39%, in 208 weeks. The chart has formed a Ascending Triangle chart pattern. The price is near the trend support (47.18) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See CPB medium-term trend chart]
A medium-term downtrend had started on December 28, 2022 at 57.78 and reached 37.94 on October 12, 2023. CPB lost 19.84 points, or 34.34%, in 41 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (47.80). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See CPB weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 3, 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 uptrend had started on June 10, 2024 at 41.97 and reached 48.63 on July 18, 2024. CPB gained -6.66 points, or -15.87%, in 38 days. The price is now at the 33.48% retracement level.
 Daily Technical Indicators: [See CPB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since June 14, 2024. This is an indication that the short-term trend is up.
| |
|
|