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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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Archive
- 12/1/2017
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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 strongly overboughtOversold sector
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBearish Deliberation Candlestick
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It was a first positive week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 2.01 points, or 5.67%, and closed at 37.47 on Friday, December 01, 2017. On Friday CAG has reached 37.79 - the highest level since June 30, 2017. Weekly volume was 15% 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 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 (41.88) 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 37.79 on December 1, 2017. CAG gained -5.63 points, or -17.51%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (33.65) 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 strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 22, 2017 at 35.38 and reached 37.79 on December 1, 2017. CAG gained -2.41 points, or -6.81%, in 9 days. The price is now at the 13.28% retracement level.

Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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.

Candlestick pattern: [See CAG candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.59
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 88.24
Overbought
Greed/Fear Indicator (GFI) 86.47
Overbought
Moving Average Converg./Diverg. (MACD) 0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.92
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 74.08
Greed/Fear Indicator (GFI) 75.43
Moving Average Converg./Diverg. (MACD) -1.11
Trading Signals
Description Value Chart
Yearly Trendline Support 41.88
Upper Bollinger Band 37.96
Daily Stochastic Crossing 37.51
Price 37.47
Weekly Stochastic Crossing 36.78
Parabolic System 36.34
20 Day Moving Average 35.40
50 Day Moving Average 34.47
Monthly Trendline Resistance 34.04
Monthly Trendline Support 33.65
Lower Bollinger Band 33.36
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Food - Major Diversified 52
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.38
Low Date 11/22/2017
High 37.79
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.21
Low Date 11/07/2017
High 37.79
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 34.04
Support 33.65
Low 32.16
Low Date 08/30/2017
High 37.79
High Date 12/01/2017
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 49.29
Support 41.88
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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