General Mills Technical Analysis (NYSE:GIS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the General Mills stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the GIS stock chart which creates a trading signal.
See General Mills bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of General Mills stock analysis.
General Mills Moving Average
Moving averages show the average price of GIS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $45.46 is below the last closing price of $47.21 and the 50 day moving average of $44.9 is below the last closing price of $47.21. The 10 and 20 day periods can predict short term moving average trends.
General Mills Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the GIS stock. The stock price is trading between the average and the upper band in the context of General Mills bollinger bands.
General Mills Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The General Mills MACD indicator is above 0 indicating a bullish trend.
General Mills Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 58.63 is the RSI value of GIS stock.