CONAGRA BRANDS INC (CAG) Stock Technical Analysis
NYSE:CAG - New York Stock Exchange, Inc. - US2058871029 - Common Stock - Currency: USD
Overall CAG gets a technical rating of 0 out of 10. 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 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: 85% of all stocks are doing better.
CAG is part of the Food Products industry. There are 89 other stocks in this industry, of which 64% are performing better than CAG.
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 21.98 - 23.37 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
CAG has an average volume of 6606720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CAG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.39, a Stop Loss order could be placed below this zone.
More info and screens
22.04
28.10
We found 1 important support area.
- A support zone ranging from 22.26 to 22.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 22.45 to 22.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.09 from a horizontal line in the daily time frame.
- Resistance @24.60 from a trend line in the daily time frame.
- Resistance @25.80 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 | 15.21 | NEGATIVE | CAG has a low relative strength, it was outperformed by 84.79% 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) | 39.13 | NEUTRAL | The RSI value for CAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CAG has a positive trend. |
| Stochastics (14,3) | 33.72 | NEUTRAL | The Stochastics value for CAG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for CAG suggests low volalility. |
| Average Directional Index/ADX (14) | 32.92 | 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)
22.44
+0.04 (+0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.18%
1 Week-1.06%
2 Weeks-2.01%
1 Month-3.73%
3 Month-12.51%
6 Month-20.43%
12 Month-20.82%
2 Year-33.45%
3 Year-34.46%
5 Year-36.2%
10 Year-48.67%
15 Year-3.77%
Volatility
ATR(14)0.45
ATR(20)%1.98%
ATR Inc2.75%
Range Today0.47
ADR(20)0.43
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.21
Mansfield-2.24
10 Day High23.09
10 Day Low22.07
20 Day High23.37
20 Day Low21.98
52 Week High33.24
52 Week Low21.98
CS1 End22.39
CR1 Start22.45
Volume & EV
DER(3)2.03%
DER(5)0.24%
Volume8.65M
Volume Incr-14.19%
Vol(5)6.07M
Vol(50)6.61M