General Mills Inc (GIS): Price Now Near $61.64; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for GIS

At the time of this writing, GIS (Get Ratings)’s price is down $-0.15 (-0.24%) from the hour prior. GIS has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 100 hour changed directions on GIS; it is now pointing up. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

GIS’s Technical Outlook on the Daily Chart

At the moment, GIS’s price is down $-0.13 (-0.21%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Of note is that the 200 day changed directions on GIS; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. General Mills Inc’s price action over the past 90 days can be seen via the chart below.

GIS

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