CPB 1 Month Chart Technical Analysis

Chart Patterns: Rising or Ascending wedge(bearish) broke beneath the support trendline(green).

Exponential Moving Average: EMA 9(green line) is below EMA 21(red line) bearish.

Bollinger Band (BB): CPB is in the lower band(green) it could be bullish, however, let's check the volume to make sure this isn't signifying a reversal upwards.

Moving Average Convergence Divergence: The MACD(green line) is below the signal(red line) bearish.

Volume: The volume for last month (Monday 3, Feb 2025) is lower than this month's volume (Monday 3, Mar 2025). This month volume has an increase in bearish volume.

Red Rectangular Box: CPB since it didn't break to the upside this box of choppiness doesn't matter.

Green Rectangular Box: This box represents support; where the most bullish activity is.

Opinion: Bearish on the 1-month chart. Everything pertaining to the chart looks promising. CPB closed below my trendline $40.33, I see it going to my next target $37.23.

Out of the money options (OTM): Puts for 38 Jun 25 100

1.40 x 100= $140