CONAGRA BRANDS INC (CAG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAG - US2058871029 - Common Stock
We assign a technical rating of 0 out of 10 to CAG. CAG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
16.76
We found 1 important support area.
- Support @16.93 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.03 to 17.30. 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 17.64 to 17.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.63 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 | 13.14 | NEGATIVE | CAG has a low relative strength, it was outperformed by 86.86% 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) | 45.75 | NEUTRAL | The RSI value for CAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests CAG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.52 | NEUTRAL | The Stochastics value for CAG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for CAG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.58 | NEUTRAL | The ADX value for CAG suggests a possible start of a new trend. |
16.94
+0.36 (+2.17%)
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 45.7527. 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 16.93 and a resistance level at 17.03. Check the full technical report for our detailed analysis of CAG support and resistance levels.