The Greedy Trader Weekly Analysis
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Number of records: 11
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General Mills
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Summary:
Weekly :
Daily :The price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the General Mills (GIS). During the week, the GIS gained 0.78 points, or 1.76%, and closed at 45.04 on Friday, July 06, 2018. Weekly volume was 11% above 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 41.01 on May 3, 2018. GIS lost 31.94 points, or 43.78%, in 95 weeks. The price is now at the 12.62% retracement level.

Medium-term trend: [See GIS medium-term trend chart]
A medium-term uptrend had started on May 3, 2018 at 41.01 and reached 47.14 on June 27, 2018. GIS gained -6.13 points, or -14.95%, in 7 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 41.21 and resistance is at 47.99. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See GIS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See GIS short-term trend chart]
A short-term downtrend had started on June 27, 2018 at 47.14 and reached 43.36 on July 2, 2018. GIS lost 3.78 points, or 8.02%, in 5 days. The price is now at the 44.44% retracement level.

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

The daily MACD line is below its signal line since June 28, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 46.99
Williams' Percentage Range (W%R) 44.00
Lane's Stochastic (%D-Slow) 20.95
Greed/Fear Indicator (GFI) 41.30
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.92
Williams' Percentage Range (W%R) 74.90
Lane's Stochastic (%D-Slow) 61.30
Greed/Fear Indicator (GFI) 45.57
Moving Average Converg./Diverg. (MACD) -2.93
Trading Signals
Description Value Chart
Monthly Trendline Resistance 47.99
Parabolic System 46.00
Upper Bollinger Band 46.00
Weekly Stochastic Crossing 45.22
Price 45.04
20 Day Moving Average 44.74
Daily Stochastic Crossing 44.21
50 Day Moving Average 43.48
Lower Bollinger Band 42.87
Monthly Trendline Support 41.21
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Food - Major Diversified 98
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 43.36
Low Date 07/02/2018
High 45.41
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.14
High Date 06/27/2018
Low 43.36
Low Date 07/02/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 47.99
Support 41.21
Low 41.01
Low Date 05/03/2018
High 47.14
High Date 06/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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