The Greedy Trader Weekly Analysis
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Weekly %D-Slow Divergence:Bearish
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 3/15/2024 -
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General Mills (GIS) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtBroken trend resistance lineThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the General Mills (GIS). During the week, the GIS gained 1.50 points, or 2.30%, and closed at 66.76 on Friday, March 15, 2024. GIS was trading at average weekly trading volume.

Long-term trend: [See GIS long-term trend chart]
A long-term uptrend had started on December 17, 2018 at 36.42 and reached 90.89 on May 15, 2023. GIS gained -54.47 points, or -149.56%, in 230 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (81.21) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See GIS medium-term trend chart]
A medium-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 chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (61.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GIS may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since November 10, 2023. 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 February 14, 2024 at 61.48 and reached 66.85 on March 15, 2024. GIS gained -5.37 points, or -8.73%, in 30 days. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (65.22) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.

Daily Technical Indicators: [See GIS daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 Lane's Stochastic help.

The daily MACD line is above its signal line since March 4, 2024. This is an indication that the short-term trend is up.

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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.68
Williams' Percentage Range (W%R) 37.10
Lane's Stochastic (%D-Slow) 80.29
Overbought
Greed/Fear Indicator (GFI) 68.62
Moving Average Converg./Diverg. (MACD) 0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.34
Williams' Percentage Range (W%R) 43.30
Lane's Stochastic (%D-Slow) 52.09
Greed/Fear Indicator (GFI) 53.12
Moving Average Converg./Diverg. (MACD) -2.18
Trading Signals
Description Value Chart
Price 66.76
Upper Bollinger Band 66.56
Weekly Trendline Resistance 66.44
Daily Stochastic Crossing 66.27
Weekly Trendline Support 65.22
Parabolic System 65.12
20 Day Moving Average 65.04
Weekly Stochastic Crossing 64.77
50 Day Moving Average 64.35
Monthly Trendline Resistance 63.60
Lower Bollinger Band 63.53
Quarterly Trendline Support 61.75
Monthly Trendline Support 60.47
Quarterly Trendline Resistance 58.75
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Packaged Foods & Meats 21
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.44
Low Date 03/01/2024
High 66.85
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 66.44
Support 65.22
Low 61.48
Low Date 02/14/2024
High 66.85
High Date 03/15/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 63.60
Support 60.47
High 68.24
High Date 12/14/2023
Low 61.48
Low Date 02/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 58.75
Support 61.75
High 90.89
High Date 05/15/2023
Low 60.33
Low Date 10/06/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 97.56
Support 81.21
Low 36.42
Low Date 12/17/2018
High 90.89
High Date 05/15/2023
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.