The Greedy Trader Weekly Analysis
Sign In Jun 15, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 3
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken support trend trading stock market alerts. Stock alerts include stock market picks,technical stock pick,stock picking,stock pick,free pick stock,picking stocks,pick stock undervalued,pick stock,long term stock picks
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,broken support,stock alerts,stock market alerts,stock market picks,technical stock pick,stock picking,stock pick,free pick stock,picking stocks,pick stock undervalued,pick stock,long term stock picks
ConAgra Foods, Inc.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Oversold sector
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 0.80 points, or 2.17%, and closed at 37.74 on Friday, June 08, 2018. Weekly volume was -34% below 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 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. The price is now at the 33.41% retracement 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 38.32 on March 12, 2018. CAG gained -3.57 points, or -10.27%, in 4 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 34.70 and resistance is at 38.34. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since May 4, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 May 21, 2018 at 36.26 and reached 37.91 on May 30, 2018. CAG gained -1.65 points, or -4.55%, in 9 days. The price is now at the 10.30% retracement level.

Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily technical indicators are neutral.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.6%) is close to one year low (3.77%). It is 54.33% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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) 53.81
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 59.64
Greed/Fear Indicator (GFI) 56.89
Moving Average Converg./Diverg. (MACD) 0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.50
Williams' Percentage Range (W%R) 39.50
Lane's Stochastic (%D-Slow) 71.71
Greed/Fear Indicator (GFI) 61.00
Moving Average Converg./Diverg. (MACD) 0.22
Trading Signals
Description Value Chart
Monthly Trendline Resistance 38.34
Upper Bollinger Band 37.96
Price 37.74
Weekly Stochastic Crossing 37.46
20 Day Moving Average 37.37
Daily Stochastic Crossing 37.29
50 Day Moving Average 37.07
Lower Bollinger Band 36.61
Parabolic System 36.45
Monthly Trendline Support 34.70
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Food - Major Diversified 41
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 36.26
Low Date 05/21/2018
High 37.91
High Date 05/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.20
High Date 05/11/2018
Low 36.26
Low Date 05/21/2018
Description Value
Direction Up
Chart Pattern Rectangle
Status Valid
Resistance 38.34
Support 34.70
Low 34.75
Low Date 02/06/2018
High 38.32
High Date 03/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.16
Low Date 08/30/2017
High 39.21
High Date 12/21/2017
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.