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|It was a first positive week for the General Mills (GIS). During the week, the GIS gained 2.81 points, or 5.24%, and closed at 56.46 on Friday, December 01, 2017. Weekly volume was 32% above average. |
GIS is a member of Consumer Goods Sector. Consumer Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See GIS long-term trend chart]
A long-term downtrend had started on July 6, 2016 at 72.95 and reached 49.65 on November 7, 2017. GIS lost 23.30 points, or 31.94%, in 69 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (50.40) 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 long-term trend.
Medium-term trend: [See GIS medium-term trend chart]
A medium-term uptrend had started on November 7, 2017 at 49.65 and reached 56.96 on November 30, 2017. GIS gained -7.31 points, or -14.72%, in 3 weeks. The price is now at the 6.84% retracement level.
Weekly Technical Indicators: [See GIS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 10, 2017. This is an indication that the medium-term trend is up. 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 November 22, 2017 at 53.21 and reached 56.96 on November 30, 2017. GIS gained -3.75 points, or -7.05%, in 8 days. The price is now at the 13.33% retracement level.
Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 7, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.