CONAGRA BRANDS INC (CAG) Stock Technical Analysis
NYSE:CAG • US2058871029
Taking everything into account, CAG scores 5 out of 10 in our technical rating. In the last year, CAG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, CAG is a bad performer in the overall market: 80% of all stocks are doing better.
- CAG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- CAG has an average volume of 12341800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- CAG is an average performer in the Food Products industry, it outperforms 45% of 87 stocks in the same industry.
- In the last month CAG has a been trading in the 16.99 - 20.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CAG has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.77
When analyzing the support we notice one important area.
- Support @16.94 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.46 to 20.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CAG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CAG is neutral. |
| ChartMill Relative Strength | 20.06 | NEGATIVE | CAG has a low relative strength, it was outperformed by 79.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.66 | NEUTRAL | The RSI value for CAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CAG has a negative trend. |
| Stochastics (14,3) | 56.8 | NEUTRAL | The Stochastics value for CAG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for CAG suggests some volalility. |
| Average Directional Index/ADX (14) | 34.22 | POSITIVE | The high ADX value value for CAG suggests a strong trend. |
18.79
-0.1 (-0.53%)
CONAGRA BRANDS INC / CAG FAQ
Can you provide the ChartMill technical rating for CONAGRA BRANDS INC?
ChartMill assigns a technical rating of 5 / 10 to CAG.
What is the current trend direction of CONAGRA BRANDS INC (CAG) stock?
The current trend direction for CONAGRA BRANDS INC (CAG) is Bearish.
What is the RSI signal for CAG stock?
CONAGRA BRANDS INC (CAG) has an RSI value of 52.6624. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CONAGRA BRANDS INC?
The short term momentum for CONAGRA BRANDS INC (CAG) is neutral.
What is the support and resistance level for CAG stock?
CONAGRA BRANDS INC (CAG) has a support level at 16.94 and a resistance level at 19.46. Check the full technical report for our detailed analysis of CAG support and resistance levels.