The Greedy Trader Weekly Analysis
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Number of records: 3
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for downtrend resistance trend trading. Stock trend chart - following long term trend and downtrend resistance.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,downtrend resistance
General Mills
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Summary:
Weekly :Broken trend support line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the General Mills (GIS). During the week, the GIS dropped -2.06 points, or -4.36%, and closed at 45.18 on Friday, August 10, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was -20% below 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 41.01 on May 3, 2018. GIS lost 31.94 points, or 43.78%, in 95 weeks. The price is now at the 13.06% retracement level.

Medium-term trend: [See GIS medium-term trend chart]
A medium-term uptrend had started on July 24, 2018 at 42.65 and reached 47.77 on August 3, 2018. GIS gained -5.12 points, or -12.00%, in 1 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (45.90) 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 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 June 15, 2018. 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 downtrend had started on August 3, 2018 at 47.77 and reached 44.77 on August 10, 2018. GIS lost 3.00 points, or 6.28%, in 7 days. The price is now at the 13.67% retracement level.

Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 daily MACD line is above its signal line since July 26, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.52
Williams' Percentage Range (W%R) 51.60
Lane's Stochastic (%D-Slow) 46.02
Greed/Fear Indicator (GFI) 52.66
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.28
Williams' Percentage Range (W%R) 39.00
Lane's Stochastic (%D-Slow) 56.70
Greed/Fear Indicator (GFI) 57.12
Moving Average Converg./Diverg. (MACD) -2.38
Trading Signals
Description Value Chart
Monthly Trendline Resistance 50.12
Upper Bollinger Band 47.81
Parabolic System 47.53
Monthly Trendline Support 45.90
Daily Stochastic Crossing 45.61
Weekly Stochastic Crossing 45.53
Price 45.18
20 Day Moving Average 44.80
50 Day Moving Average 44.54
Lower Bollinger Band 42.51
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Food - Major Diversified 116
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.77
High Date 08/03/2018
Low 44.77
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.77
High Date 08/03/2018
Low 44.77
Low Date 08/10/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 50.12
Support 45.90
Low 42.65
Low Date 07/24/2018
High 47.77
High Date 08/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.01
Low Date 05/03/2018
High 47.77
High Date 08/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.95
High Date 07/06/2016
Low 41.01
Low Date 05/03/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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