The Greedy Trader Weekly Analysis
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Archive
- 3/15/2019
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General Mills
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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceThe price has risen above the Parabolic SARBullish Doji CandlestickThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the General Mills (GIS). During the week, the GIS gained 0.95 points, or 2.04%, and closed at 47.51 on Friday, March 15, 2019. Weekly volume was -14% 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 36.42 on December 17, 2018. GIS lost 36.53 points, or 50.08%, in 127 weeks. The price is now at the 30.36% retracement level.

Medium-term trend: [See GIS medium-term trend chart]
A medium-term uptrend had started on December 17, 2018 at 36.42 and reached 47.75 on March 14, 2019. GIS gained -11.33 points, or -31.11%, in 12 weeks. Price is near the trend high.

Weekly Technical Indicators: [See GIS weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 18, 2019. This is an indication that the medium-term trend is up. 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 March 8, 2019 at 46.19 and reached 47.75 on March 14, 2019. GIS gained -1.56 points, or -3.38%, in 6 days. The price is now at the 15.38% retracement level.

Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since March 4, 2019. The distance between MACD and the signal line is low and getting smaller.

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.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 4.71% on Friday. It is 56.73% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Candlestick pattern: [See GIS candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.53
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 70.40
Bearish
Greed/Fear Indicator (GFI) 78.10
Moving Average Converg./Diverg. (MACD) 0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.22
Overbought
Williams' Percentage Range (W%R) 2.10
Strong Overbought
Lane's Stochastic (%D-Slow) 94.62
Strong Overbought
Greed/Fear Indicator (GFI) 87.88
Overbought
Moving Average Converg./Diverg. (MACD) -0.45
Trading Signals
Description Value Chart
Upper Bollinger Band 47.53
Price 47.51
Weekly Stochastic Crossing 47.48
Daily Stochastic Crossing 47.33
20 Day Moving Average 46.75
Parabolic System 46.27
Lower Bollinger Band 45.29
50 Day Moving Average 44.46
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Food - Major Diversified 23
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 46.19
Low Date 03/08/2019
High 47.75
High Date 03/14/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.19
Low Date 03/08/2019
High 47.75
High Date 03/14/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.19
Low Date 03/08/2019
High 47.75
High Date 03/14/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.42
Low Date 12/17/2018
High 47.75
High Date 03/14/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.95
High Date 07/06/2016
Low 36.42
Low Date 12/17/2018
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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