The Greedy Trader Weekly Analysis
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Number of records: 5
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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 :Broken trend support lineWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week after 3 consecutive negative weeks for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 1.92 points, or 5.28%, and closed at 38.25 on Friday, September 14, 2018. Weekly volume was 21% above average.

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 (38.39) 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 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 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (35.95) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CAG may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 5, 2018 at 35.75 and reached 38.43 on September 14, 2018. CAG gained -2.68 points, or -7.50%, in 9 days. The price is now at the 6.72% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.24
Williams' Percentage Range (W%R) 18.30
Overbought
Lane's Stochastic (%D-Slow) 89.53
Overbought
Greed/Fear Indicator (GFI) 79.50
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.46
Williams' Percentage Range (W%R) 30.30
Lane's Stochastic (%D-Slow) 56.94
Greed/Fear Indicator (GFI) 58.72
Moving Average Converg./Diverg. (MACD) 0.04
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 39.53
Quarterly Trendline Support 38.39
Daily Stochastic Crossing 38.28
Price 38.25
Upper Bollinger Band 38.20
Weekly Stochastic Crossing 37.20
20 Day Moving Average 36.91
50 Day Moving Average 36.68
Parabolic System 36.30
Monthly Trendline Resistance 36.26
Monthly Trendline Support 35.95
Lower Bollinger Band 35.74
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Food - Major Diversified 114
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.75
Low Date 09/05/2018
High 38.43
High Date 09/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.52
Low Date 07/03/2018
High 38.43
High Date 09/14/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 36.26
Support 35.95
High 39.43
High Date 06/21/2018
Low 34.52
Low Date 07/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 39.53
Support 38.39
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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