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Yearly Pattern: | Rising Channel |
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Number of records: 10 |
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Advanced TA SearchArchive - 4/26/2024 - Sign In to see current Signals. |
General Mills (GIS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the General Mills (GIS). During the week, the GIS climbed 0.41 points, or 0.58%, and closed at 70.83 on Friday, April 26, 2024. Weekly volume was -8% below average. Long-term trend: [See GIS long-term trend chart] A long-term uptrend had started on December 17, 2018 at 36.42 and reached 90.89 on May 15, 2023. GIS gained -54.47 points, or -149.56%, in 230 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (82.20) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend. Medium-term trend: [See GIS medium-term trend chart] A medium-term downtrend had started on May 15, 2023 at 90.89 and reached 60.33 on October 6, 2023. GIS lost 30.56 points, or 33.62%, in 20 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (62.13) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GIS may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend. Weekly Technical Indicators: [See GIS weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since November 10, 2023. Use the following link to access a MACD help. Short-term trend: [See GIS short-term trend chart] A short-term uptrend had started on April 12, 2024 at 66.11 and reached 72.32 on April 25, 2024. GIS gained -6.21 points, or -9.39%, in 13 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See GIS daily technical indicators chart] Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Consumer Staples |
7 |
Industry |
Packaged Foods & Meats |
80 |
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Daily Trend |
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
High |
72.32 |
High Date |
04/25/2024 |
Low |
70.81 |
Low Date |
04/26/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
66.11 |
Low Date |
04/12/2024 |
High |
72.32 |
High Date |
04/25/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Broadening Ascending Wedge |
Status |
Valid |
Resistance |
84.76 |
Support |
67.34 |
Low |
61.48 |
Low Date |
02/14/2024 |
High |
74.45 |
High Date |
03/20/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Symmetric Triangle |
Status |
Broken Resistance |
Resistance |
54.31 |
Support |
62.13 |
High |
90.89 |
High Date |
05/15/2023 |
Low |
60.33 |
Low Date |
10/06/2023 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Channel |
Status |
Broken Support |
Resistance |
98.55 |
Support |
82.20 |
Low |
36.42 |
Low Date |
12/17/2018 |
High |
90.89 |
High Date |
05/15/2023 |
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