CONAGRA BRANDS INC (CAG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAG - US2058871029 - Common Stock
Taking everything into account, CAG scores 2 out of 10 in our technical rating. In the past year, CAG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
CAG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.73, a Stop Loss order could be placed below this zone.
More info and screens
16.97
When analyzing the support we notice one important area.
- A support zone ranging from 17.14 to 17.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 18.00 to 18.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.18 from a trend line in the weekly time frame.
- A resistance zone ranging from 19.63 to 19.66. 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 | DOWN | NEGATIVE | The long term trend for CAG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAG is up. |
| ChartMill Relative Strength | 15.13 | NEGATIVE | CAG has a low relative strength, it was outperformed by 84.87% 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) | 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) | 53.7 | NEUTRAL | The RSI value for CAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CAG has a positive trend. |
| Stochastics (14,3) | 82.68 | OVERBOUGHT | The high Stochastics value suggests CAG may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for CAG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.81 | NEUTRAL | The ADX value for CAG suggests a possible start of a new trend. |
17.85
+0.03 (+0.17%)
CONAGRA BRANDS INC / CAG FAQ
Can you provide the ChartMill technical rating for CONAGRA BRANDS INC?
ChartMill assigns a technical rating of 2 / 10 to CAG.
Can you provide the trend direction for CONAGRA BRANDS INC?
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 53.6951. This indicates that the stock is currently neutral.
What is the short term momentum for CAG stock?
The short term momentum for CONAGRA BRANDS INC (CAG) is positive.
What is the buy/sell signal for CONAGRA BRANDS INC (CAG) stock?
The buy/sell signal for CONAGRA BRANDS INC (CAG) is hold as the short term and long term trends are mixed.