The Greedy Trader Weekly Analysis
Sign In Sep 14, 2018
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Number of records: 8
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General Mills
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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a second consecutive positive week for the General Mills (GIS). During the week, the GIS gained 1.54 points, or 3.35%, and closed at 47.55 on Friday, September 07, 2018. GIS was trading at average weekly trading volume.

Long-term trend: [See GIS long-term trend chart]
A long-term uptrend had started on May 3, 2018 at 41.01 and reached 47.77 on August 3, 2018. GIS gained -6.76 points, or -16.48%, in 13 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 43.36 and resistance is at 48.57. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See GIS medium-term trend chart]
A medium-term downtrend had started on August 3, 2018 at 47.77 and reached 44.77 on August 10, 2018. GIS lost 3.00 points, or 6.28%, in 1 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 44.94 and resistance is at 48.11. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a medium-term trend.

Weekly Technical Indicators: [See GIS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 15, 2018. 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 August 29, 2018 at 45.21 and reached 47.61 on September 7, 2018. GIS gained -2.40 points, or -5.31%, in 9 days. Price is near the trend high.

Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily technical indicators are neutral.

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

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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.61
Williams' Percentage Range (W%R) 31.30
Lane's Stochastic (%D-Slow) 63.55
Greed/Fear Indicator (GFI) 61.62
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.36
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 69.08
Greed/Fear Indicator (GFI) 69.87
Moving Average Converg./Diverg. (MACD) -1.73
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 48.57
Monthly Trendline Resistance 48.11
Price 47.55
Upper Bollinger Band 47.42
Daily Stochastic Crossing 46.91
Weekly Stochastic Crossing 46.12
20 Day Moving Average 46.11
Parabolic System 45.26
50 Day Moving Average 45.24
Monthly Trendline Support 44.94
Lower Bollinger Band 44.64
Quarterly Trendline Support 43.36
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Food - Major Diversified 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.21
Low Date 08/29/2018
High 47.61
High Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.21
Low Date 08/29/2018
High 47.61
High Date 09/07/2018
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 48.11
Support 44.94
High 47.77
High Date 08/03/2018
Low 44.77
Low Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 48.57
Support 43.36
Low 41.01
Low Date 05/03/2018
High 47.77
High Date 08/03/2018
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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