GENERAL MILLS INC (GIS) Stock Technical Analysis
NYSE:GIS - US3703341046 - Common Stock
50.61 USD
+0.6 (+1.2%)
50.61 USD
0 (0%)
We assign a technical rating of 2 out of 10 to GIS. In the past year, GIS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, GIS is a bad performer in the overall market: 90% of all stocks are doing better.
GIS is part of the Food Products industry. There are 88 other stocks in this industry, of which 67% are performing better 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 5568900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month GIS has a been trading in a tight range between 48.29 and 50.98.
Although the technical rating is bad, GIS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 50.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.15, a Stop Loss order could be placed below this zone.
More info and screens
47.95
55.68
When analyzing the support we notice one important area.
- A support zone ranging from 48.43 to 50.15. 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 50.62 to 51.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.53 from a trend line in the weekly time frame.
- Resistance @55.13 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 | UP | POSITIVE | The short term trend for GIS is up. |
| ChartMill Relative Strength | 10.38 | NEGATIVE | GIS has a low relative strength, it was outperformed by 89.62% 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 | MIXED | The current price of GIS is above 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) | 56.35 | 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. |
| Stochastics (14,3) | 79.97 | NEUTRAL | The Stochastics value for GIS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for GIS suggests low volalility. |
| Average Directional Index/ADX (14) | 14.03 | 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)
50.61
+0.6 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg1.2%
1 Week2.02%
2 Weeks2.76%
1 Month1.77%
3 Month-5.51%
6 Month-15.03%
12 Month-31.34%
2 Year-20.91%
3 Year-33.94%
5 Year-17.95%
10 Year-9.83%
15 Year38.51%
Volatility
ATR(14)0.86
ATR(20)%1.65%
ATR Inc10.38%
Range Today0.88
ADR(20)0.8
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.38
Mansfield-2.31
10 Day High50.98
10 Day Low48.29
20 Day High50.98
20 Day Low48.29
52 Week High75.66
52 Week Low48.29
CS1 End50.15
CR1 Start50.62
Volume & EV
DER(3)-0.87%
DER(5)1.23%
Volume4.04M
Volume Incr-17.58%
Vol(5)4.71M
Vol(50)5.57M