The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 23.6% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/3/2024 -
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Campbell Soup (CPB) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaA Parabolic SAR indicator is above and near the priceTrend resistance at 44.76
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It was a third consecutive positive week for the Campbell Soup (CPB). During the week, the CPB climbed 0.02 points, or 0.04%, and closed at 44.87 on Friday, May 3, 2024. Weekly volume was -12% below average.

CPB 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 CPB long-term trend chart]
A long-term uptrend had started on January 2, 2019 at 32.03 and reached 57.78 on December 28, 2022. CPB gained -25.75 points, or -80.39%, in 208 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (46.61) 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 CPB medium-term trend chart]
A medium-term downtrend had started on December 28, 2022 at 57.78 and reached 37.94 on October 12, 2023. CPB lost 19.84 points, or 34.34%, in 41 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 28.30 and resistance is at 49.13. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CPB 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 November 3, 2023. Use the following link to access a MACD help.

Short-term trend: [See CPB short-term trend chart]
A short-term uptrend had started on February 14, 2024 at 40.26 and reached 46.15 on May 2, 2024. CPB gained -5.89 points, or -14.63%, in 78 days. The chart has formed a Ascending Triangle chart pattern. The price is near the trend resistance line (44.76). 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 short-term trend.

Daily Technical Indicators: [See CPB daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 19, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (44.83) comes close to the price (44.87). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.36
Williams' Percentage Range (W%R) 11.50
Overbought
Lane's Stochastic (%D-Slow) 71.67
Greed/Fear Indicator (GFI) 75.85
Moving Average Converg./Diverg. (MACD) 0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.46
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 74.46
Greed/Fear Indicator (GFI) 73.00
Moving Average Converg./Diverg. (MACD) -0.18
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 49.13
Upper Bollinger Band 46.69
Yearly Trendline Support 46.61
Daily Stochastic Crossing 45.63
Weekly Stochastic Crossing 45.08
Price 44.87
Parabolic System 44.83
Monthly Trendline Resistance 44.80
Weekly Trendline Resistance 44.76
20 Day Moving Average 44.35
50 Day Moving Average 43.61
Weekly Trendline Support 43.13
Monthly Trendline Support 42.52
Lower Bollinger Band 42.47
Sector and Industry
Description Name Rank
Sector Consumer Staples 8
Industry Packaged Foods & Meats 90
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.73
Low Date 03/15/2024
High 46.15
High Date 05/02/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Test Resistance
Resistance 44.76
Support 43.13
Low 40.26
Low Date 02/14/2024
High 46.15
High Date 05/02/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 44.80
Support 42.52
Low 37.94
Low Date 10/12/2023
High 46.15
High Date 05/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 49.13
Support 28.30
High 57.78
High Date 12/28/2022
Low 37.94
Low Date 10/12/2023
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 57.90
Support 46.61
Low 32.03
Low Date 01/02/2019
High 57.78
High Date 12/28/2022
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.