CAG Technical Analysis - CONAGRA BRANDS INC

Technical Rating and Analysis

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.

93% of all other stocks performed better in the past year than CAG.

CAG is one of the lesser performing stocks in the Food Products industry. 78% of 89 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 18.45 - 19.78 range, which is quite wide. It is currently trading near the lows of this range.

CAG has an average volume of 11620400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CONAGRA BRANDS INC / CAG Weekly stock chart

CONAGRA BRANDS INC / CAG Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, CAG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.08

21.51

We found 1 important support area.

A support zone ranging from 18.26 to 18.51. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 18.84 to 19.10. 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 19.63 to 19.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @21.30 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	7.19	NEGATIVE	CAG has a low relative strength, it was outperformed by 92.81% 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)	40.47	NEUTRAL	The RSI value for CAG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests CAG has a negative trend.
Stochastics (14,3)	18.86	OVERSOLD	The low Stochastics value suggests CAG may be oversold.
Average True Range in percent/ATR (20)	2.39	MEDIUM VOLATILITY	The ATR as a percentage value for CAG suggests some volalility.
Average Directional Index/ADX (14)	17.7	NEGATIVE	The low ADX value for CAG suggests a weak or negative trend.