Conagra Brands Inc CAG Investment Analysis

Source: Stock Traders Daily

Longer Term Trading Plans for CAG
  • Buy CAG over 33.82 target 35.99 stop loss @ 33.72 Details
  • The technical summary data tells us to buy CAG near 33.82 with an upside target of 35.99. This data also tells us to set a stop loss @ 33.72 to protect against excessive loss in case the stock begins to move against the trade. 33.82 is the first level of support below 34.43 , and by rule, any test of support is a buy signal. In this case, support 33.82 is being tested, a buy signal would exist.

  • Short CAG under 35.99, target 33.82, stop loss @ 36.09 Details
  • The technical summary data is suggesting a short of CAG as it gets near 35.99 with a downside target of 33.82. We should have a stop loss in place at 36.09though. 35.99 is the first level of resistance above 34.43, and by rule, any test of resistance is a short signal. In this case, if resistance 35.99 is being tested, a short signal would exist.

Swing Trading Plans for CAG
  • Buy CAG over 34.79, target 35.99, Stop Loss @ 34.69 Details
  • If 34.79 begins to break higher, the technical summary data tells us to buy CAG just over 34.79, with an upside target of 35.99. The data also tells us to set a stop loss @ 34.69 in case the stock turns against the trade. 34.79 is the first level of resistance above 34.43, and by rule, any break above resistance is a buy signal. In this case, 34.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CAG near 34.79, target 33.86, Stop Loss @ 34.89. Details
  • The technical summary data is suggesting a short of CAG if it tests 34.79 with a downside target of 33.86. We should have a stop loss in place at 34.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 34.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CAG
  • Buy CAG over 34.79, target 35.11, Stop Loss @ 34.71 Details
  • If 34.79 begins to break higher, the technical summary data tells us to buy CAG just over 34.79, with an upside target of 35.11. The data also tells us to set a stop loss @ 34.71 in case the stock turns against the trade. 34.79 is the first level of resistance above 34.43, and by rule, any break above resistance is a buy signal. In this case, 34.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CAG near 34.79, target 34.31, Stop Loss @ 34.87. Details
  • The technical summary data is suggesting a short of CAG if it tests 34.79 with a downside target of 34.31. We should have a stop loss in place at 34.87 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 34.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CAG Ratings for August 06:

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 0 0 31.68
P2 34.31 33.86 33.82
P3 35.11 34.79 35.99

Get Notified When our Ratings Change: Take a Trial


CAG Long Term Analysis for August 6 2022


CAG Swing Trading Analysis for August 6 2022


CAG Day Trading Analysis for August 6 2022

With an objective approach to Conagra Brands Inc (NYSE: CAG), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CAG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CAG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Evitar Corte monitors the FOMC for Market Crash signals:
AD