ConAgra Brands stock: buy or sell

CAG stock price: $35.84 0.45% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

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ConAgra Brands stock brief

  • ConAgra Brands closed on Monday at $35.84 after only changing a 0.45% breaking a streak of 4 sessions in red.
  • The price is currently under the lower Bollinger band, which is usually an indicator of a short-term rebound that you should not try to trade
  • The stock is configuring an uptrend pattern since last January, when it bottomed at $32.06. This rally marked a 11.79% gain
  • Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America.

Should I buy ConAgra Brands stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CAG stock a buy?

Currently, ConAgra Brands stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $CAG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell ConAgra Brands stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. As when we have to buy shares, determining when is appropiate to sell is not a haphazard decision, and we must use our own trading style. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for shorting $CAG stock

A guiding principle is that you should never keep an investment that results in higher than expected losses at the time of the buy. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)

Is it time to sell ConAgra Brands stock?

In the current situation of ConAgra Brands there is not any eligible sell setup, so ConAgra Brands stock holders with operations in green can keep their positions

Price broke down below last bottom

ConAgra Brands ratings

We don't have any rating posted in the last 30 days for ConAgra Brands

ConAgra Brands stock analysis

ConAgra Brands shares started an uptrend last January, and gained an amazing 11.79%. The price shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to invest. Latest low was in mid-May, when price bounced at $37.11. Last Wednesday, the uptrend got broken when price sliced down under the $37.11 support

SMAs overview

CAG stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $36.05 (0.59% above)
  • R2: $36.09 (0.70% above)
  • R3: $36.22 (1.06% above)
  • The current supports are:

  • S1: $35.70 (-0.39% below)
  • S2: $35.69 (-0.42% below)
  • S3: $35.62 (-0.61% below)
  • Bollinger bands

    When the price moves out of the band (above the upper line or below the lower line) it shows that the price action is maintaining a very strong trend and therefore can reverse the trend to the average. For this case, the price is beneath the upper band, which should mean a possible near-term bounce off (at least) until it is back above the band

    CAG stock Bollinger Bands chart

    Relative strength index

    After breaking down the oversold zone yesterday, rebound back above with a value of 30.5. This is a signal of strength for the stock

    CAG stock RSI chart

    ConAgra Brands stock price history

    ConAgra Brands went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, CAG stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on Mar 1980 would have a value of $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    CAG stock price history chart

    Price target for ConAgra Brands stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and usually. Again, these targets are not direct recommendations for small traders and should not be followed blindly.

    In the previous month we couldn't find any price target published for ConAgra Brands stock.

    Earnings and financials

    Last April, ConAgra Brands ($CAG) hosted the investors event and posted the report. Experts were correct in their expectations on ConAgra Brands's which reported $0.59 per share. Equally, reported revenues of $2.8 billion were in line with analysts forecasts.

    This compares to Earnings of $0.75 per share same quarter last year, so reported EPS is a decrease of -21.33%. Turnover went up a 8.46% on an annualized basis in the , from $25.6B to $27.7B last quarter.

    ConAgra Brands ($CAG) is posting earnings report on Tuesday next week. Market forecasts of $0.52, compared to Q3 that made $0.59.

    ConAgra Brands competitors

    ConAgra Brands is classified inside the Consumer Staples sector and the Packaged Foods industry, which contain industry peers.

    ConAgra Brands main competitors are:

    ConAgra Brands competitors
    CompanyMarket capRatingBullish ratings1
    ConAgra Brands ($CAG) $18.8B
    PepsiCo ($PEP) $184.3B Neutral 0
    Mondelez ($MDLZ) $81.5B Neutral 0
    General Mills ($GIS) $36.4B Strong buy 1
    J.M. Smucker ($SJM) $13.4B Neutral 0

    1 In the last 30 days.

    ConAgra Brands performance

    To better understand ConAgra Brands performance you must compare its gains with other related stocks in same sector or industry.. For ConAgra Brands, the benchmark is made against PepsiCo, Mondelez, General Mills and J.M. Smucker.

    CAG performance compared
    Company1m3m6m
    ConAgra Brands ($CAG) -5.90% -6.10% 0.50%
    PepsiCo ($PEP) 0.80% 8.00% 1.70%
    Mondelez ($MDLZ) -0.10% 8.50% 9.70%
    General Mills ($GIS) -4.70% 0.60% 2.50%
    J.M. Smucker ($SJM) -3.70% 4.80% 16.00%

    Please read:
    The thoughts written in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not know the specific circumstances of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for informational purposes only

    ConAgra Brands summary

    Monday, June 21st, 2021
    Open$35.8
    Close$35.84
    Day range$35.6 - $35.96
    Previous close$35.68
    Session gain0.45%
    Average true range$0.82
    50d mov avg$37.65
    100d mov avg$36.64
    200d mov avg$35.86
    Earnings dateJune 29th, 2021

    Frequently asked questions

    What is ConAgra Brands stock symbol?

    Conagra Brands, Inc. is a public company trading in the US stock market with the CAG symbol

    Is ConAgra Brands stock a buy or sell?

    ConAgra Brands had no ratings in the last 30 days Read the article to get additional tips on trading CAG stock.

    Will CAG go up?

    There were no forecasts published by market analysts in the last 4 weeks for ConAgra Brands.