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Uptrend ExhaustionArchive
- 4/5/2024 -
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General Mills (GIS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the General Mills (GIS). During the week, the GIS gave back -0.18 points, or -0.26%, and closed at 69.79 on Friday, April 5, 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 (81.69) 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 (61.93) 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 uptrend had started on March 1, 2024 at 63.44 and reached 74.45 on March 20, 2024. GIS gained -11.01 points, or -17.35%, in 19 days. The price is now at the 42.33% retracement level.
Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 4, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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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 |
3 |
| Industry |
Packaged Foods & Meats |
38 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
70.66 |
| High Date |
03/28/2024 |
| Low |
69.45 |
| Low Date |
04/05/2024 |
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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 |
63.44 |
| Low Date |
03/01/2024 |
| High |
74.45 |
| High Date |
03/20/2024 |
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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 |
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 |
56.61 |
| Support |
61.93 |
| 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 |
98.04 |
| Support |
81.69 |
| Low |
36.42 |
| Low Date |
12/17/2018 |
| High |
90.89 |
| High Date |
05/15/2023 |
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