CONAGRA BRANDS INC (CAG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CAG • US2058871029
We assign a technical rating of 3 out of 10 to CAG. In the past year, CAG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, CAG is a bad performer in the overall market: 82% of all stocks are doing better.
- CAG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CAG has a been trading in the 15.96 - 18.14 range, which is quite wide. It is currently trading near the high of this range.
- CAG has an average volume of 11012400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- CAG is part of the Food Products industry. There are 87 other stocks in this industry, CAG did better than 40% of them.
Although the technical rating is bad, CAG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.58, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.77
When analyzing the support we notice one important area.
- A support zone ranging from 16.94 to 17.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.84 to 18.09. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for CAG is up. |
| ChartMill Relative Strength | 18.88 | NEGATIVE | CAG has a low relative strength, it was outperformed by 81.12% 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) | UP | POSITIVE | The current price of CAG is above the rising 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) | 57.3 | NEUTRAL | The RSI value for CAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CAG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.07 | OVERBOUGHT | The high Stochastics value suggests CAG may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for CAG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.54 | NEUTRAL | The ADX value for CAG suggests a possible start of a new trend. |
17.83
+0.15 (+0.85%)
CONAGRA BRANDS INC / CAG FAQ
Can you provide the ChartMill technical rating for CONAGRA BRANDS INC?
ChartMill assigns a technical rating of 3 / 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 57.2958. 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 positive.
What is the support and resistance level for CAG stock?
CONAGRA BRANDS INC (CAG) has a support level at 17.58 and a resistance level at 17.84. Check the full technical report for our detailed analysis of CAG support and resistance levels.