GENERAL MILLS INC (GIS) Stock Technical Analysis
NYSE:GIS • US3703341046
Overall GIS gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. GIS was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, GIS is a bad performer in the overall market: 77% of all stocks are doing better.
- GIS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month GIS has a been trading in the 43.42 - 49.59 range, which is quite wide. It is currently trading near the high of this range.
- GIS has an average volume of 7807170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GIS is an average performer in the Food Products industry, it outperforms 45% of 87 stocks in the same industry.
GIS has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
42.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 46.12 to 46.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.94 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 48.35 to 49.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @50.15 from a horizontal line in the daily time frame.
- Resistance @51.27 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 | NEUTRAL | NEUTRAL | The long term trend for GIS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GIS is up. |
| ChartMill Relative Strength | 23.83 | NEGATIVE | GIS has a low relative strength, it was outperformed by 76.17% 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) | UP | POSITIVE | The current price of GIS is above the rising 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) | 61.46 | NEUTRAL | The RSI value for GIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests GIS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.73 | OVERBOUGHT | The high Stochastics value suggests GIS may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for GIS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.35 | NEUTRAL | The ADX value for GIS suggests a possible start of a new trend. |
48.34
-0.24 (-0.49%)
GENERAL MILLS INC / GIS FAQ
What is the technical rating for GIS stock?
ChartMill assigns a technical rating of 5 / 10 to GIS.
What is the current trend direction of GENERAL MILLS INC (GIS) stock?
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 61.4633. This indicates that the stock is currently neutral.
What is the MACD signal for GENERAL MILLS INC (GIS) stock?
The MACD indicator for GENERAL MILLS INC (GIS) has a value of 0.330879, indicating a bearish trend.
What is the short term momentum for GIS stock?
The short term momentum for GENERAL MILLS INC (GIS) is positive.