GENERAL MILLS INC. - Daily - Technical analysis published on 11/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 51.85 USD
My targets
50.24 USD (-1.84%)
48.25 USD (-5.72%)
My analysis
The bearish trend is currently very strong for GENERAL MILLS INC.. As long as the price remains below the resistance at 51.85 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 50.24 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 48.25 USD as an objective. Crossing it would then enable sellers to target 46.97 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GENERAL MILLS INC. rating 51.18 USD. On the day, this instrument gained +0.63% with the lowest point at 50.92 USD and the highest point at 51.38 USD. The deviation from the price is +0.51% for the low point and -0.39% for the high point.50.92
51.38
51.18
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GENERAL MILLS INC. in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.97 | 48.25 | 50.24 | 51.18 | 51.85 | 54.12 | 55.59 |
| Change (%) | -8.23% | -5.72% | -1.84% | - | +1.31% | +5.74% | +8.62% |
| Change | -4.21 | -2.93 | -0.94 | - | +0.67 | +2.94 | +4.41 |
| Level | Major | Major | Major | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.42 | 49.91 | 50.39 | 50.88 | 51.35 | 51.84 | 52.32 |
| Camarilla | 50.60 | 50.68 | 50.77 | 50.86 | 50.95 | 51.04 | 51.13 |
| Woodie | 49.41 | 49.91 | 50.38 | 50.87 | 51.34 | 51.84 | 52.31 |
| Fibonacci | 49.91 | 50.28 | 50.51 | 50.88 | 51.25 | 51.48 | 51.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.83 | 48.46 | 49.48 | 51.11 | 52.14 | 53.77 | 54.79 |
| Camarilla | 49.78 | 50.02 | 50.27 | 50.51 | 50.75 | 51.00 | 51.24 |
| Woodie | 46.53 | 48.31 | 49.18 | 50.96 | 51.84 | 53.62 | 54.49 |
| Fibonacci | 48.46 | 49.47 | 50.10 | 51.11 | 52.13 | 52.75 | 53.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.95 | 46.96 | 48.91 | 51.92 | 53.87 | 56.88 | 58.83 |
| Camarilla | 49.50 | 49.95 | 50.41 | 50.86 | 51.32 | 51.77 | 52.22 |
| Woodie | 43.42 | 46.70 | 48.38 | 51.66 | 53.34 | 56.61 | 58.30 |
| Fibonacci | 46.96 | 48.86 | 50.03 | 51.92 | 53.81 | 54.98 | 56.88 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.75 | |
| MACD (12,26,9): | -0.8100 | |
| Directional Movement: | -8.63 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 50.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 51.88 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 52.95 | |
| Zig ZAG (10): | 51.18 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 21.07 | |
| TEMA (21): | 50.34 | |
| Williams %R (14): | -71.39 | |
| Chande Momentum Oscillator (20): | -1.47 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 11.17 |
| MA7: | 50.69 | |
| MA20: | 52.31 | |
| MA50: | 53.13 | |
| MA100: | 52.99 | |
| MAexp7: | 50.98 | |
| MAexp20: | 51.88 | |
| MAexp50: | 52.64 | |
| MAexp100: | 52.26 | |
| Price / MA7: | +0.97% | |
| Price / MA20: | -2.16% | |
| Price / MA50: | -3.67% | |
| Price / MA100: | -3.42% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | -1.35% | |
| Price / MAexp50: | -2.77% | |
| Price / MAexp100: | -2.07% |
News
The last news published on GENERAL MILLS INC. at the time of the generation of this analysis was as follows:
- General Mills Declares Quarterly Dividend and Holds 91st Annual Shareholder Meeting
- General Mills Reports Fiscal 2020 First-Quarter Results
- General Mills Recalls Five-Pound Bags of Gold Medal Unbleached All Purpose Flour
- Grow North Announces Second Annual Food | Ag | Ideas Week
- General Mills "Cereal, The Secret Superfood?" Infographic Available on Business Wire's Website
This member declared not having a position on this financial instrument or a related financial instrument.
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