GENERAL MILLS INC (GIS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GIS - US3703341046 - Common Stock
Overall GIS gets a technical rating of 0 out of 10. 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.
Although the technical rating is bad, GIS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 46.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.20, a Stop Loss order could be placed below this zone.
More info and screens
45.17
We found 1 important support area.
- A support zone ranging from 45.63 to 46.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 46.81 to 48.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @49.09 from a trend line in the daily time frame.
- A resistance zone ranging from 50.15 to 51.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 15.03 | NEGATIVE | GIS has a low relative strength, it was outperformed by 84.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GIS is below a declining 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) | 44.43 | NEUTRAL | The RSI value for GIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GIS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.03 | OVERSOLD | The low Stochastics value suggests GIS may be oversold. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for GIS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.14 | NEGATIVE | The low ADX value for GIS suggests a weak or negative trend. |
46.23
+0.52 (+1.14%)
GENERAL MILLS INC / GIS FAQ
What is the technical rating for GIS stock?
ChartMill assigns a technical rating of 0 / 10 to GIS.
Can you provide the trend direction for GENERAL MILLS INC?
The current trend direction for GENERAL MILLS INC (GIS) is Bearish.
What is the RSI signal for GENERAL MILLS INC (GIS) stock?
GENERAL MILLS INC (GIS) has an RSI value of 44.4263. This indicates that the stock is currently neutral.
What is the MACD signal for GIS stock?
The MACD indicator for GENERAL MILLS INC (GIS) has a value of -0.0550229, indicating a bearish trend.
What is the short term momentum for GENERAL MILLS INC (GIS) stock?
The short term momentum for GENERAL MILLS INC (GIS) is negative.