The Greedy Trader Weekly Analysis
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Number of records: 10
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ConAgra Foods, Inc.
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice is near the Fibonacci 38.2% retracement levelThe Bollinger Bands are historically far apart
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It was the negative week for the ConAgra Foods, Inc. (CAG). During the week, the CAG dropped -0.38 points, or -1.12%, and closed at 33.59 on Friday, October 05, 2018. Weekly volume was 50% above average.

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 August 30, 2017 at 32.16 and reached 39.43 on June 21, 2018. CAG gained -7.27 points, or -22.61%, in 42 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (38.74) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CAG may retest the broken support line. It is considered to be a resistance line now. 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 downtrend had started on September 14, 2018 at 38.43 and reached 32.82 on September 27, 2018. CAG lost 5.61 points, or 14.60%, in 1 weeks. The price is now at the 13.73% retracement level.

Weekly Technical Indicators: [See CAG weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since September 21, 2018. This is an indication that the medium-term trend is down. 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 September 27, 2018 at 32.82 and reached 34.07 on October 1, 2018. CAG gained -1.25 points, or -3.81%, in 4 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since September 21, 2018. The distance between MACD and the signal line is relatively high, but getting smaller.

The distance between the Bollinger Bands (22.39%) is close to one year high (15.11%). It is 214.95% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.51
Williams' Percentage Range (W%R) 87.50
Oversold
Lane's Stochastic (%D-Slow) 14.51
Oversold
Greed/Fear Indicator (GFI) 15.83
Oversold
Moving Average Converg./Diverg. (MACD) -0.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.60
Williams' Percentage Range (W%R) 89.40
Oversold
Lane's Stochastic (%D-Slow) 46.54
Greed/Fear Indicator (GFI) 33.83
Moving Average Converg./Diverg. (MACD) -0.01 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 39.56
Upper Bollinger Band 39.03
Quarterly Trendline Support 38.74
50 Day Moving Average 36.45
20 Day Moving Average 35.92
Weekly Stochastic Crossing 35.38
Parabolic System 34.88
Price 33.59
Daily Stochastic Crossing 33.36
Lower Bollinger Band 31.51
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Food - Major Diversified 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.82
Low Date 09/27/2018
High 34.07
High Date 10/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.43
High Date 09/14/2018
Low 32.82
Low Date 09/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 39.43
High Date 06/21/2018
Low 32.82
Low Date 09/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 39.56
Support 38.74
Low 32.16
Low Date 08/30/2017
High 39.43
High Date 06/21/2018
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
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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