The Greedy Trader Weekly Analysis
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Archive
- 5/11/2018
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General Mills
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic bullish divergenceTrend resistance at 42.63
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the price
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It was a first positive week for the General Mills (GIS). During the week, the GIS climbed 0.12 points, or 0.28%, and closed at 42.66 on Friday, May 11, 2018. Weekly volume was -20% below average.

GIS is a member of Consumer Goods Sector. Consumer Goods is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See GIS long-term trend chart]
A long-term downtrend had started on July 6, 2016 at 72.95 and reached 41.01 on May 3, 2018. GIS lost 31.94 points, or 43.78%, in 95 weeks. The price is now at the 5.17% retracement level.

Medium-term trend: [See GIS medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 60.69 and reached 41.01 on May 3, 2018. GIS lost 19.68 points, or 32.43%, in 14 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (42.63). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See GIS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bullish 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 weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 May 3, 2018 at 41.01 and reached 42.96 on May 11, 2018. GIS gained -1.95 points, or -4.75%, in 8 days. The price is now at the 15.38% retracement level.

Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (42.92) comes close to the price (42.66). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.78
Williams' Percentage Range (W%R) 62.40
Lane's Stochastic (%D-Slow) 41.14
Greed/Fear Indicator (GFI) 37.85
Moving Average Converg./Diverg. (MACD) -1.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.74
Williams' Percentage Range (W%R) 91.30
Strong Oversold
Lane's Stochastic (%D-Slow) 8.10
Strong Oversold Bullish
Greed/Fear Indicator (GFI) 15.94
Oversold
Moving Average Converg./Diverg. (MACD) -2.26 Bullish
Trading Signals
Description Value Chart
50 Day Moving Average 45.94
Upper Bollinger Band 45.75
20 Day Moving Average 43.52
Parabolic System 42.92
Price 42.66
Quarterly Trendline Resistance 42.63
Daily Stochastic Crossing 42.06
Weekly Stochastic Crossing 41.87
Lower Bollinger Band 41.33
Quarterly Trendline Support 37.43
Sector and Industry
Description Name Rank
Sector Consumer Goods 1
Industry Food - Major Diversified 52
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.01
Low Date 05/03/2018
High 42.96
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.01
Low Date 05/03/2018
High 42.96
High Date 05/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.98
High Date 04/06/2018
Low 41.01
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 42.63
Support 37.43
High 60.69
High Date 01/25/2018
Low 41.01
Low Date 05/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.95
High Date 07/06/2016
Low 41.01
Low Date 05/03/2018
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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