CONAGRA BRANDS INC (CAG)

US2058871029 - Common Stock

30.24  +0.23 (+0.77%)

After market: 30.24 0 (0%)

Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to CAG. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CAG is a bad performer.

When comparing the yearly performance of all stocks, CAG is a bad performer in the overall market: 72% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
CAG has an average volume of 4790570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CAG is part of the Food Products industry. There are 91 other stocks in this industry, CAG did better than 51% of them.
CAG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CAG is lagging the market slightly.
In the last month CAG has a been trading in the 28.64 - 31.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Weekly and Daily overview Charts
CAG Weekly chart
CAG Daily chart
Setup Rating and Analysis

8

CAG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 31.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.82, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CAG in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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Support and Resistance Analysis

25.74

31.59

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 28.57 to 29.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 26.00 to 26.69. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 31.09 to 31.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.52
Mansfield-0.96
10 Day High31.57
10 Day Low29.27
20 Day High31.57
20 Day Low28.64
52 Week High38.73
52 Week Low25.16
Performance
1 Week-1.18%
2 Weeks4.06%
1 Month4.78%
3 Month5.66%
6 Month12.04%
12 Month-19.25%
2 Year-13.43%
3 Year-18.47%
5 Year-1.75%
10 Year-0.88%
15 Year70.85%

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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)

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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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)57.01
LBB28.76
UBB31.55

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
30.4329.261.17 (3.85%)25.00%
An entry @30.43. This is a Buy Stop order right above the 10 day moving average.An exit @29.26. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.17 points, which is 3.85%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

More info and screens

CAG Daily chart

CONAGRA BRANDS INC

NYSE:CAG (4/17/2024, 6:49:13 PM)

After market: 30.24 0 (0%)

30.24

+0.23 (+0.77%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.77%
1 Week-1.18%
2 Weeks4.06%
1 Month4.78%
3 Month5.66%
6 Month12.04%
12 Month-19.25%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.67
ATR(20)%1.98%
ATR Inc
Range Today0.32
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High31.57
10 Day Low29.27
20 Day High31.57
20 Day Low28.64
52 Week High38.73
52 Week Low25.16
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.15M
Volume Incr-11.83%
Vol(5)5.08M
Vol(50)4.79M