The Greedy Trader Weekly Analysis
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Number of records: 1
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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.
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General Mills
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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the General Mills (GIS). During the week, the GIS gained 3.14 points, or 7.45%, and closed at 45.31 on Friday, November 09, 2018. Weekly volume was -13% 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 13.46% retracement level.

Medium-term trend: [See GIS medium-term trend chart]
A medium-term downtrend had started on September 17, 2018 at 48.11 and reached 41.74 on November 2, 2018. GIS lost 6.37 points, or 13.24%, in 6 weeks. The price is now at the 56.04% retracement level.

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. The distance between MACD and the signal line is low, but getting bigger. 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 2, 2018 at 41.74 and reached 45.42 on November 9, 2018. GIS gained -3.68 points, or -8.82%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.06
Williams' Percentage Range (W%R) 28.30
Lane's Stochastic (%D-Slow) 61.20
Greed/Fear Indicator (GFI) 62.66
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.13
Williams' Percentage Range (W%R) 57.00
Lane's Stochastic (%D-Slow) 29.11
Greed/Fear Indicator (GFI) 40.09
Moving Average Converg./Diverg. (MACD) -1.06
Trading Signals
Description Value Chart
Upper Bollinger Band 45.55
Price 45.31
50 Day Moving Average 44.54
Daily Stochastic Crossing 44.26
20 Day Moving Average 44.10
Weekly Stochastic Crossing 43.76
Lower Bollinger Band 42.62
Parabolic System 41.70
Sector and Industry
Description Name Rank
Sector Consumer Goods 6
Industry Food - Major Diversified 66
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.74
Low Date 11/02/2018
High 45.42
High Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.74
Low Date 11/02/2018
High 45.42
High Date 11/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.56
High Date 10/30/2018
Low 41.74
Low Date 11/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.11
High Date 09/17/2018
Low 41.74
Low Date 11/02/2018
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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