CONAGRA BRANDS INC (CAG) Stock Technical Analysis
NYSE:CAG - New York Stock Exchange, Inc. - US2058871029 - Common Stock - Currency: USD
Taking everything into account, CAG scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CAG is a bad performer in the overall market: 94% of all stocks are doing better.
CAG is one of the lesser performing stocks in the Food Products industry. 76% of 91 stocks in the same industry do better.
CAG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CAG has a been trading in the 18.82 - 22.49 range, which is quite wide. It is currently trading near the lows of this range.
CAG has an average volume of 8508950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
The technical rating of CAG is bad and it also does not present a 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
19.19
28.10
We can see 4 important resistance areas.
- A resistance zone ranging from 20.27 to 20.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 20.77 to 21.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.56 from a trend line in the daily time frame.
- Resistance @27.82 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CAG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAG is down. |
| ChartMill Relative Strength | 6.18 | NEGATIVE | CAG has a low relative strength, it was outperformed by 93.82% 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) | 24.7 | OVERSOLD | The low RSI value suggests CAG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CAG has a negative trend. |
| Stochastics (14,3) | 20.7 | NEUTRAL | The Stochastics value for CAG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for CAG suggests some volalility. |
| Average Directional Index/ADX (14) | 41.62 | POSITIVE | The high ADX value value for CAG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
19.38
-0.02 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.1%
1 Week-5.05%
2 Weeks-5%
1 Month-13.02%
3 Month-23.49%
6 Month-24.94%
12 Month-34.59%
2 Year-40.93%
3 Year-43.35%
5 Year-48.25%
10 Year-56.01%
15 Year-17.46%
Volatility
ATR(14)0.61
ATR(20)%2.99%
ATR Inc-12.35%
Range Today0.36
ADR(20)0.55
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.18
Mansfield-3.27
10 Day High21.37
10 Day Low18.82
20 Day High22.49
20 Day Low18.82
52 Week High33.24
52 Week Low18.82
CS1 EndN/A
CR1 Start20.27
Volume & EV
DER(3)1.69%
DER(5)0.49%
Volume12.65M
Volume Incr93.45%
Vol(5)17.00M
Vol(50)8.51M