The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 10/9/2026 -
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General Mills (GIS) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversoldRelative Strength Index and Lane's Stochastic bullish divergence
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week for the General Mills (GIS). During the week, the GIS climbed 0.28 points, or 0.87%, and closed at 32.29 on Friday, October 9, 2026. Weekly volume was 31% above average.

Long-term trend: [See GIS long-term trend chart]
A long-term downtrend had started on September 10, 2024 at 75.90 and reached 31.18 on October 1, 2026. GIS lost 44.72 points, or 58.92%, in 107 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 26.75 and resistance is at 37.49. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See GIS medium-term trend chart]
A medium-term downtrend had started on September 1, 2026 at 42.20 and reached 31.18 on October 1, 2026. GIS lost 11.02 points, or 26.11%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (29.27) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken 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 oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and 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, Relative Strength Index and Williams' Percentage Range help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 October 1, 2026 at 31.18 and reached 32.70 on October 8, 2026. GIS gained -1.52 points, or -4.87%, in 7 days. The price is now at the 26.97% retracement level.

Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since September 2, 2026. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.74
Williams' Percentage Range (W%R) 80.40
Oversold
Lane's Stochastic (%D-Slow) 26.86
Greed/Fear Indicator (GFI) 25.41
Moving Average Converg./Diverg. (MACD) -1.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.93
Bullish
Williams' Percentage Range (W%R) 89.10
Oversold
Lane's Stochastic (%D-Slow) 11.96
Oversold Bullish
Greed/Fear Indicator (GFI) 21.25
Moving Average Converg./Diverg. (MACD) -1.18
Trading Signals
Description Value Chart
Upper Bollinger Band 37.80
Quarterly Trendline Resistance 37.49
50 Day Moving Average 36.71
20 Day Moving Average 34.09
Price 32.29
Weekly Stochastic Crossing 32.14
Daily Stochastic Crossing 32.02
Parabolic System 31.27
Lower Bollinger Band 30.17
Monthly Trendline Support 29.27
Monthly Trendline Resistance 28.94
Quarterly Trendline Support 26.75
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Packaged Foods & Meats 25
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.18
Low Date 10/01/2026
High 32.70
High Date 10/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.18
Low Date 10/01/2026
High 32.70
High Date 10/08/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 28.94
Support 29.27
High 42.20
High Date 09/01/2026
Low 31.18
Low Date 10/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 37.49
Support 26.75
High 75.90
High Date 09/10/2024
Low 31.18
Low Date 10/01/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 90.89
High Date 05/15/2023
Low 31.18
Low Date 10/01/2026
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.