The Greedy Trader Weekly Analysis
Sign In Jul 13, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Monthly Pattern:Symmetric Triangle
Number of records: 8
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
ConAgra Foods, Inc.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Weekly  MACD line has moved below its signal linePrice is near the Fibonacci 23.6% retracement level
Daily :Broken trend resistance lineLane's Stochastic is oversold
Move cursor over the icon to see details.

During the week, the CAG has not change and closed at 35.73 on Friday, July 06, 2018. Weekly volume was 50% above average.

Long-term trend: [See CAG long-term trend chart]
A long-term downtrend had started on November 8, 2016 at 48.86 and reached 32.16 on August 30, 2017. CAG lost 16.70 points, or 34.18%, in 42 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See CAG medium-term trend chart]
A medium-term uptrend had started on February 6, 2018 at 34.75 and reached 39.43 on June 21, 2018. CAG gained -4.68 points, or -13.47%, in 19 weeks. The price is now at the 79.06% retracement level.

Weekly Technical Indicators: [See CAG weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See CAG short-term trend chart]
A short-term downtrend had started on June 21, 2018 at 39.43 and reached 34.52 on July 3, 2018. CAG lost 4.91 points, or 12.45%, in 12 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (34.11) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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 Lane's Stochastic help.

The daily MACD line is below its signal line since June 26, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.57
Williams' Percentage Range (W%R) 70.90
Lane's Stochastic (%D-Slow) 16.64
Oversold
Greed/Fear Indicator (GFI) 26.45
Moving Average Converg./Diverg. (MACD) -0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.96
Williams' Percentage Range (W%R) 70.90
Lane's Stochastic (%D-Slow) 60.33
Greed/Fear Indicator (GFI) 45.66
Moving Average Converg./Diverg. (MACD) 0.26
Trading Signals
Description Value Chart
Upper Bollinger Band 39.47
Weekly Stochastic Crossing 37.46
50 Day Moving Average 37.24
20 Day Moving Average 37.24
Parabolic System 37.16
Price 35.73
Daily Stochastic Crossing 35.32
Weekly Trendline Support 34.11
Lower Bollinger Band 34.06
Weekly Trendline Resistance 33.93
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Food - Major Diversified 98
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 34.52
Low Date 07/03/2018
High 36.16
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 33.93
Support 34.11
High 39.43
High Date 06/21/2018
Low 34.52
Low Date 07/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.75
Low Date 02/06/2018
High 39.43
High Date 06/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.

Copyright© 2004-2016 All rights reserved.