Conagra Brands is a packaged goods food company. Co.'s reporting segments are comprised of: Grocery and Snacks, which includes branded, shelf stable food products sold in various retail channels; Refrigerated and Frozen, which includes branded, temperature-controlled food products sold in various retail channels; International, which includes branded food products, in various temperature states, sold in various retail and foodservice channels; 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.
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. |
Video: Technical Analysis