CAG PutWhole market is down. this seems like it may retrace back to the EMAS. Bought a cheap put with a tight stop
0I2P trade ideas
CAG - Rebound from support ?Dear traders,
Looking into opportunities for cheap stocks part of SP500, i have found 3 stocks that printed 6 months low, CAG is testing the very long term support (from 2015).
MACD shows raising wedge, and RSI showing bullish reversal on daily.
Options looks cheap with low volatility.
My entry will be for March expiration.
Let me know your thoughts in the comment,
Good luck,
Sam.
$CAG reaching very intriguing levelsWhile the rest of the market tanks, look no further than the recovery plays provided by the financial sector and the consumer sector. Here we see $CAG satying on track to maintain this channel it's been trading in. CCI now reaching the oversold area, RSI to follow. Like this one to bounce and continue the upwards movement for a solid brands.
Is ConAgra ready to break the funk and move up?This is the rarest trading signal I have had yet. Seven algorithms signaled a buy at the same time which I have never experienced before. Is this good or bad? We shall see.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 6, 2021 with a closing price of 32.62.
If this instance is successful, that means the stock should rise to at least 32.93 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.416% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 4.02% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 6.188% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.75% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 12 trading bars; half occur within 27 trading bars, and one-quarter require at least 37 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
$CAG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $CAG after a Negative Under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$CAG with a slight bearish outlook following its earning releaseThe PEAD projected a slight bearish outlook for $CAG after a negative under reaction following its earning release placing the stock in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$CAG can rise in the next daysContextual immersion trading strategy idea.
Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $36,88;
stop-loss — $35,84.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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