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Packaged Foods & Meats Industry Stocks Technical Analysis - GISArchive
- 4/19/2024 -
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General Mills (GIS) Technical Analysis
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| Summary:
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| | It was a first positive week for the General Mills (GIS). During the week, the GIS gained 4.22 points, or 6.37%, and closed at 70.42 on Friday, April 19, 2024. GIS was trading at average weekly trading volume.
 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 (82.03) 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 (62.06) is broken. A broken support is considered to be a long-term bullish 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 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 downtrend had started on March 20, 2024 at 74.45 and reached 66.11 on April 12, 2024. GIS lost 8.34 points, or 11.20%, in 23 days. The price is now at the 51.68% retracement level.
Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 8, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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