Conagra Brands is a food company. Co.'s segments are: Grocery and Snacks, which includes branded, shelf-stable food products sold in various retail channels in the U.S.; Refrigerated and Frozen, which includes branded, temperature-controlled food products sold in various retail channels in the U.S.; International, which includes branded food products, in various temperature states, sold in various retail and foodservice channels outside of the U.S.; and Foodservice, which includes branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the U.S.
When researching a stock like Conagra Brands, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from CAG Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for CAG stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the CAG 200 day moving average ("CAG 200 DMA"), while one of the most popular "shorter look-backs" is the CAG 50 day moving average ("CAG 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Conagra Brands. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the CAG 200 DMA and the CAG 50 DMA, we get a moving average convergence divergence indicator ("CAG MACD"). The CAG MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis