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Archive
- 4/17/2025 -
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ConAgra Foods, Inc. (CAG) Technical Analysis
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| Summary:
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| | It was the negative week for the ConAgra Foods, Inc. (CAG). During the week, the CAG dropped -0.65 points, or -2.50%, and closed at 25.33 on Thursday, April 17, 2025. Weekly volume was -8% below average.
CAG is a member of Consumer Staples Sector. Consumer Staples is the 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 January 9, 2023 at 41.30 and reached 23.06 on February 18, 2025. CAG lost 18.24 points, or 44.16%, in 110 weeks. The chart has formed a Rising Channel chart pattern. The downtrend support line (30.31) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 February 18, 2025 at 23.06 and reached 28.52 on March 10, 2025. CAG gained -5.46 points, or -23.68%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (26.66) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CAG may retest the broken support line. It is considered to be a resistance 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 support 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 March 14, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 4, 2025 at 27.68 and reached 24.51 on April 9, 2025. CAG lost 3.17 points, or 11.45%, in 5 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See CAG daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is below its signal line since April 7, 2025. This is an indication that the short-term trend is down.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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.
 Candlestick pattern: [See CAG candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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