The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance 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. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 8/21/2026 -
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ConAgra Foods, Inc. (CAG) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 16.25Trend resistance at 16.60
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price is above the upper Bollinger Band
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It was a third consecutive positive week for the ConAgra Foods, Inc. (CAG). During the week, the CAG gained 0.81 points, or 5.19%, and closed at 16.43 on Friday, August 21, 2026. It was the best weekly gain since June 26, 2026. Weekly volume was -22% below average.

CAG is a member of Consumer Staples Sector. Consumer Staples 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 September 10, 2024 at 33.24 and reached 12.53 on June 4, 2026. CAG lost 20.71 points, or 62.30%, in 90 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (16.25). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See CAG medium-term trend chart]
A medium-term uptrend had started on June 4, 2026 at 12.53 and reached 16.45 on August 21, 2026. CAG gained -3.92 points, or -31.28%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (16.60). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CAG weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 26, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 August 17, 2026 at 15.37 and reached 16.45 on August 21, 2026. CAG gained -1.08 points, or -7.03%, in 4 days. Price is near the trend high.

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.

The daily MACD line is above its signal line since August 13, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.94
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 89.22
Overbought
Greed/Fear Indicator (GFI) 85.14
Overbought
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.32
Williams' Percentage Range (W%R) 5.90
Strong Overbought
Lane's Stochastic (%D-Slow) 83.90
Overbought
Greed/Fear Indicator (GFI) 79.40
Moving Average Converg./Diverg. (MACD) -0.89
Trading Signals
Description Value Chart
Monthly Trendline Resistance 16.60
Price 16.43
Upper Bollinger Band 16.34
Daily Stochastic Crossing 16.26
Quarterly Trendline Resistance 16.25
Weekly Stochastic Crossing 15.96
20 Day Moving Average 15.31
Parabolic System 15.19
50 Day Moving Average 14.49
Monthly Trendline Support 14.39
Lower Bollinger Band 14.31
Sector and Industry
Description Name Rank
Sector Consumer Staples 8
Industry Packaged Foods & Meats 81
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 15.37
Low Date 08/17/2026
High 16.45
High Date 08/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.49
Low Date 07/31/2026
High 16.45
High Date 08/21/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 16.60
Support 14.39
Low 12.53
Low Date 06/04/2026
High 16.45
High Date 08/21/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 16.25
Support 10.68
High 33.24
High Date 09/10/2024
Low 12.53
Low Date 06/04/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.30
High Date 01/09/2023
Low 12.53
Low Date 06/04/2026
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.