CONAGRA BRANDS INC (CAG) Stock Technical Analysis
NYSE:CAG - US2058871029 - Common Stock
19.16 USD
+0.37 (+1.97%)
19.16 USD
0 (0%)
We assign a technical rating of 1 out of 10 to CAG. 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.
When comparing the yearly performance of all stocks, CAG is a bad performer in the overall market: 93% of all stocks are doing better.
CAG is part of the Food Products industry. There are 90 other stocks in this industry, of which 78% 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 18.18 - 19.78 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CAG has an average volume of 11916600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, CAG does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
18.97
28.10
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.22 to 19.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 7.52 | NEGATIVE | CAG has a low relative strength, it was outperformed by 92.48% 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) | 47.15 | NEUTRAL | The RSI value for CAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CAG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.05 | NEUTRAL | The Stochastics value for CAG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for CAG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.68 | NEGATIVE | The low ADX value for CAG suggests a weak or negative 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)
19.16
+0.37 (+1.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg1.97%
1 Week-0.47%
2 Weeks-1.84%
1 Month3.4%
3 Month-16.3%
6 Month-24.98%
12 Month-38.59%
2 Year-35.88%
3 Year-44.27%
5 Year-50.05%
10 Year-54.03%
15 Year-11.26%
Volatility
ATR(14)0.44
ATR(20)%2.18%
ATR Inc16.47%
Range Today0.54
ADR(20)0.4
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.52
Mansfield-3.13
10 Day High19.78
10 Day Low18.67
20 Day High19.78
20 Day Low18.18
52 Week High33.24
52 Week Low18.18
CS1 EndN/A
CR1 Start19.22
Volume & EV
DER(3)-1.74%
DER(5)0.13%
Volume11.85M
Volume Incr77.12%
Vol(5)18.99M
Vol(50)11.92M