GENERAL MILLS INC (GIS) Stock Technical Analysis
NYSE:GIS - New York Stock Exchange, Inc. - US3703341046 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to GIS. GIS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
82% of all other stocks performed better in the past year than GIS.
GIS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
GIS has an average volume of 4755450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GIS is part of the Food Products industry. There are 89 other stocks in this industry, GIS did better than 43% of them.
In the last month GIS has a been trading in a tight range between 52.39 and 55.35.
GIS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 54.21, a Stop Loss order could be placed below this zone.
More info and screens
52.74
67.68
When analyzing the support we notice one important area.
- A support zone ranging from 53.27 to 54.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 58.81 to 59.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 60.98 to 62.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @67.01 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GIS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GIS is down. |
| ChartMill Relative Strength | 18.12 | NEGATIVE | GIS has a low relative strength, it was outperformed by 81.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GIS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GIS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GIS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.09 | NEUTRAL | The RSI value for GIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests GIS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.16 | NEUTRAL | The Stochastics value for GIS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for GIS suggests low volalility. |
| Average Directional Index/ADX (14) | 17.51 | NEGATIVE | The low ADX value for GIS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
54.23
-0.27 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.5%
1 Week-0.7%
2 Weeks1.61%
1 Month0.86%
3 Month-8.95%
6 Month-18.68%
12 Month-17.21%
2 Year-29.3%
3 Year-28.12%
5 Year-12.04%
10 Year-2.67%
15 Year52.67%
Volatility
ATR(14)0.88
ATR(20)%1.67%
ATR Inc-2.72%
Range Today0.71
ADR(20)0.89
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.12
Mansfield-1.88
10 Day High55.19
10 Day Low53.01
20 Day High55.35
20 Day Low52.39
52 Week High75.9
52 Week Low52.39
CS1 End54.21
CR1 Start58.81
Volume & EV
DER(3)-0.55%
DER(5)0.94%
Volume4.23M
Volume Incr-13.04%
Vol(5)4.20M
Vol(50)4.76M