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|It was the negative week for the General Mills (GIS). During the week, the GIS dropped -1.23 points, or -2.20%, and closed at 54.72 on Friday, February 09, 2018. Weekly volume was 6% above average. |
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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See GIS medium-term trend chart]
A medium-term uptrend had started on November 7, 2017 at 49.65 and reached 60.69 on January 25, 2018. GIS gained -11.04 points, or -22.24%, in 11 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (61.14) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GIS may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
Weekly Technical Indicators: [See GIS weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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.
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 February 6, 2018 at 52.96 and reached 56.24 on February 7, 2018. GIS gained -3.28 points, or -6.19%, in 1 days. The price is now at the 46.34% retracement level.
Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since January 2, 2018. The distance between MACD and the signal line is near its high and getting bigger.
The distance between the Bollinger Bands is 116.94% higher then one year average. It indicates the period of high volatility of the stock price. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.