The Greedy Trader Weekly Analysis
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Uptrend Broken Support
Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.
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ConAgra Foods, Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldMACD bullish divergence
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It was the negative week for the ConAgra Foods, Inc. (CAG). During the week, the CAG dropped -1.50 points, or -4.64%, and closed at 30.84 on Friday, December 07, 2018. It was the worst weekly loss since September 28, 2018. CAG was trading at average weekly trading volume.

CAG is a member of Consumer Goods Sector. Consumer Goods is the second 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 CAG long-term trend chart]
A long-term downtrend had started on November 8, 2016 at 48.86 and reached 30.55 on December 7, 2018. CAG lost 18.31 points, or 37.47%, in 108 weeks. Price is near the trend low.

Medium-term trend: [See CAG medium-term trend chart]
A medium-term downtrend had started on September 14, 2018 at 38.43 and reached 30.55 on December 7, 2018. CAG lost 7.88 points, or 20.50%, in 12 weeks. Price is near the trend low.

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 downtrend had started on October 24, 2018 at 37.60 and reached 30.55 on December 7, 2018. CAG lost 7.05 points, or 18.75%, in 44 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 30.66 and resistance is at 32.57. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

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. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since November 1, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.61
Williams' Percentage Range (W%R) 80.10
Oversold
Lane's Stochastic (%D-Slow) 17.92
Oversold
Greed/Fear Indicator (GFI) 23.82
Moving Average Converg./Diverg. (MACD) -0.78 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.61
Williams' Percentage Range (W%R) 86.90
Oversold
Lane's Stochastic (%D-Slow) 21.51
Greed/Fear Indicator (GFI) 24.22
Moving Average Converg./Diverg. (MACD) -0.50
Trading Signals
Description Value Chart
Upper Bollinger Band 35.13
50 Day Moving Average 34.25
Parabolic System 33.16
20 Day Moving Average 32.95
Weekly Trendline Resistance 32.57
Weekly Stochastic Crossing 31.73
Daily Stochastic Crossing 30.95
Price 30.84
Lower Bollinger Band 30.72
Weekly Trendline Support 30.66
Sector and Industry
Description Name Rank
Sector Consumer Goods 8
Industry Food - Major Diversified 31
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 32.80
High Date 12/04/2018
Low 30.55
Low Date 12/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 32.57
Support 30.66
High 37.60
High Date 10/24/2018
Low 30.55
Low Date 12/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.43
High Date 09/14/2018
Low 30.55
Low Date 12/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 39.43
High Date 06/21/2018
Low 30.55
Low Date 12/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.86
High Date 11/08/2016
Low 30.55
Low Date 12/07/2018
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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