The Greedy Trader Weekly Analysis
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Archive
- 12/8/2017
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ConAgra Foods, Inc.
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Summary:
Weekly :Broken trend support lineBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtOversold sector
Daily :Broken trend support lineWilliams' Percentage Range is overboughtStochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
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It was the negative week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gave back -0.22 points, or -0.59%, and closed at 37.25 on Friday, December 08, 2017. CAG was trading at average weekly trading volume.

CAG is a member of Consumer Goods Sector. Consumer Goods is the second 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 CAG long-term trend chart]
A long-term uptrend had started on December 3, 2008 at 13.52 and reached 48.86 on November 8, 2016. CAG gained -35.34 points, or -261.39%, in 413 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (41.94) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See CAG medium-term trend chart]
A medium-term uptrend had started on August 30, 2017 at 32.16 and reached 38.17 on December 4, 2017. CAG gained -6.01 points, or -18.69%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (33.76) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

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. 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 September 15, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CAG short-term trend chart]
A short-term uptrend had started on November 7, 2017 at 33.21 and reached 38.17 on December 4, 2017. CAG gained -4.96 points, or -14.94%, in 27 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (37.66) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 7, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.95
Williams' Percentage Range (W%R) 19.90
Overbought
Lane's Stochastic (%D-Slow) 68.28
Greed/Fear Indicator (GFI) 72.76
Moving Average Converg./Diverg. (MACD) 0.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.19
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 79.02
Greed/Fear Indicator (GFI) 73.89
Moving Average Converg./Diverg. (MACD) -0.97
Trading Signals
Description Value Chart
Yearly Trendline Support 41.94
Weekly Trendline Resistance 38.89
Upper Bollinger Band 38.18
Parabolic System 38.16
Weekly Trendline Support 37.66
Weekly Stochastic Crossing 37.54
Daily Stochastic Crossing 37.47
Price 37.25
20 Day Moving Average 36.27
50 Day Moving Average 34.85
Lower Bollinger Band 34.39
Monthly Trendline Resistance 33.94
Monthly Trendline Support 33.76
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Food - Major Diversified 66
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 38.17
High Date 12/04/2017
Low 36.87
Low Date 12/06/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 38.89
Support 37.66
Low 33.21
Low Date 11/07/2017
High 38.17
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 33.94
Support 33.76
Low 32.16
Low Date 08/30/2017
High 38.17
High Date 12/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.86
High Date 11/08/2016
Low 32.16
Low Date 08/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 49.35
Support 41.94
Low 13.52
Low Date 12/03/2008
High 48.86
High Date 11/08/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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