The Greedy Trader Weekly Analysis
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- 12/20/2024 -
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General Mills (GIS) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price touches the lower Bollinger Band
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It was the negative week for the General Mills (GIS). During the week, the GIS dropped -3.08 points, or -4.62%, and closed at 63.61 on Friday, December 20, 2024. Weekly volume was 121% above average.

Long-term trend: [See GIS long-term trend chart]
A long-term downtrend had started on May 15, 2023 at 90.89 and reached 60.33 on October 6, 2023. GIS lost 30.56 points, or 33.62%, in 20 weeks. The price is now at the 10.73% retracement level.

Medium-term trend: [See GIS medium-term trend chart]
A medium-term downtrend had started on September 10, 2024 at 75.90 and reached 62.27 on November 19, 2024. GIS lost 13.63 points, or 17.96%, in 10 weeks. The price is now at the 9.83% retracement level.

Weekly Technical Indicators: [See GIS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. 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 December 2, 2024 at 67.40 and reached 62.89 on December 18, 2024. GIS lost 4.51 points, or 6.69%, in 16 days. The price is now at the 15.96% retracement level.

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

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 lower Bollinger Band. 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) 30.50
Williams' Percentage Range (W%R) 68.50
Lane's Stochastic (%D-Slow) 29.28
Greed/Fear Indicator (GFI) 30.42
Moving Average Converg./Diverg. (MACD) -0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.20
Williams' Percentage Range (W%R) 85.00
Oversold
Lane's Stochastic (%D-Slow) 25.04
Greed/Fear Indicator (GFI) 25.08
Moving Average Converg./Diverg. (MACD) -0.14
Trading Signals
Description Value Chart
Upper Bollinger Band 67.21
50 Day Moving Average 66.56
Parabolic System 66.52
20 Day Moving Average 65.58
Weekly Stochastic Crossing 64.24
Daily Stochastic Crossing 64.11
Price 63.61
Lower Bollinger Band 63.53
Sector and Industry
Description Name Rank
Sector Consumer Staples 5
Industry Packaged Foods & Meats 36
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 67.18
High Date 12/13/2024
Low 62.89
Low Date 12/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.40
High Date 12/02/2024
Low 62.89
Low Date 12/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.90
High Date 09/10/2024
Low 62.27
Low Date 11/19/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.33
Low Date 10/06/2023
High 75.90
High Date 09/10/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 90.89
High Date 05/15/2023
Low 60.33
Low Date 10/06/2023
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.