CONAGRA BRANDS INC (CAG) Technical Analysis
NYSE:CAG • US2058871029
We assign a technical rating of 0 out of 10 to CAG. CAG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, CAG is a bad performer in the overall market: 84% 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.
- In the last month CAG has a been trading in the 16.87 - 20.32 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CAG has an average volume of 12914000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- CAG is an average performer in the Food Products industry, it outperforms 41% of 88 stocks in the same industry.
The technical rating of CAG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.77
We found 1 important support area.
- Support @16.94 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.63 to 19.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.63 to 19.83. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for CAG is down. |
| ChartMill Relative Strength | 16.32 | NEGATIVE | CAG has a low relative strength, it was outperformed by 83.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAG is below a declining 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) | 33.1 | NEUTRAL | The RSI value for CAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests CAG has a negative trend. |
| Stochastics (14,3) | 11.76 | OVERSOLD | The low Stochastics value suggests CAG may be oversold. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for CAG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.52 | NEGATIVE | The low ADX value for CAG suggests a weak or negative trend. |
CAG Technicals: Chart, Performance Metrics, Trend & Indicators
16.98
-1.1 (-6.08%)
CONAGRA BRANDS INC / CAG FAQ
Can you provide the ChartMill technical rating for CONAGRA BRANDS INC?
ChartMill assigns a technical rating of 0 / 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 33.1002. 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 negative.
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 18.63. Check the full technical report for our detailed analysis of CAG support and resistance levels.