General Mills stock: buy or sell

GIS stock price: $62.76 0.74% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

General Mills stock brief

  • Counting on Wednesday, it's been 4 consecutive sessions in green for General Mills. Price closed on Wednesday at $62.76 after scarcely moving a 0.74%.
  • On Tuesday, it broke out above $61.31, a resistance not crossed since November 2020.
  • The price is currently higher than the upper Bollinger band, which often indicates a near-term correction
  • Last Friday broke out above its latest top at $60.95
  • On April 12 broke out above its latest top at $60.95
  • General Mills, Inc. manufactures and markets branded consumer foods worldwide.

Should I buy General Mills stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $GIS stock a buy?

In the current situation of General Mills there is just one buy setup eligible:

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at all-time highs is that price doesn't struggle with upper resistances, and usually it scales quickly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. General Mills can break to ATH any time soon, as it only needs to rise a 2.74%. The buy point is at $64.48 if you want to trade with this strategy. Place your stop-loss at $58.03

Buy setupBuy pointStop lossRisk
ATH buy setup$64.48$58.0310.00%

Should I sell General Mills stock?

When you own a stock with some profit, it's really difficult to decide the correct moment to sell and get your benefits. Trading strategies give us the ability us to avoid impetuous decisions based on our personal emotions or the buzz surrounding the market. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short General Mills stock

A golden rule is that you should not hold an investment that yields losses greater than those expected by the time of the buy. The timing to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell General Mills stock?

In the current situation of General Mills there is not any eligible sell setup, so General Mills stock holders with operations in profit can keep their positions

General Mills ratings

In the last 30 days, 2 ratings were published for General Mills. General sentiment is bullish, with 2 out of 2 publishing optimistic outlooks

General Mills analysts' ratings - Last 30 days
Brokerage firmRating
Mar 23rd, 2021
Credit Suisse Group Buy
Mar 29th, 2021
Credit Suisse Group Buy

General Mills stock analysis

SMAs overview

GIS stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $63.88 (1.78% above)
  • R2: $64.48 (2.74% above)
  • The current supports are:

  • S1: $62.21 (-0.88% below)
  • S2: $61.93 (-1.32% below)
  • S3: $61.31 (-2.31% below)
  • Bollinger bands

    Price readings above or below the Bollinger Bands signal that the price has followed a strong trend that has led to extreme upward or downward values. At this point, the price is over the upper band, meaning a possible short-term correction (at least) until it is under the band

    GIS stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in late March after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Wednesday was 66.64. Since RSI lost the overbought zone, General Mills stock exploded a 2.99%

    GIS stock RSI chart

    General Mills stock price history

    General Mills started trading on Mar 17th, 1980 at $0.00 per share1. Since then, GIS stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in General Mills stock on Mar 1980, it would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    GIS stock price history chart

    Price target for General Mills stock

    Nobody can predict how much a stock will be priced in the future. Banks and financial organisations post their analysis predicting how a stock will performance in the future.

    The following table shows the price forecasts published by financial institutions in the last month. If you are a small trader you should not buy or sell based on these predictions.

    There are 2 price predictions issued for General Mills that average $65.00. That is a 3.57% than the current price ($62.76).

    General Mills stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    Credit Suisse Group $62.00$66.00
    Mar 29th, 2021
    Credit Suisse Group $66.00$64.00

    Earnings and financials

    In late March, General Mills, Inc. ($GIS) posted adjusted EPS for that met Market expectations. Quarterly EPS was $0.82 per share from an estimated $0.84. Reported sales were $4.5 billion, in line with the market forecasts as well.

    Compared to the same quarter one year ago, EPS was $0.95, so current EPS is a decrease of -13.68%. Looking at revenues, figures rose a 8.13% compared to $41.8B year over year.

    General Mills ($GIS) posts Q4 earnings report next June. Expected for this quarter is $0.84, compared to $0.82 that was reported for Q3.

    General Mills performance

    GIS performance compared
    Company1m3m6m
    General Mills ($GIS) 2.60% 14.50% 3.60%

    Please read:
    The opinions written in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the particular positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for education reasons only

    General Mills summary

    Wednesday, April 21st, 2021
    Open$62.58
    Close$62.76
    Day range$62.36 - $63.17
    Previous close$62.3
    Session gain0.74%
    Average true range$1.08
    50d mov avg$58.47
    100d mov avg$58.03
    200d mov avg$59.32
    Earnings dateJune 30th, 2021

    Frequently asked questions

    What is General Mills stock symbol?

    General Mills, Inc. is a public company trading in the US stock market with the GIS symbol

    Is General Mills stock a buy or sell?

    General Mills received 2 ratings in the last 30 days: 2 bullish, 0 bearish and 0 neutral.

    Will GIS go up?

    General Mills had different price predictions published by analysts in the last 4 weeks setting the target price to $65.00. That is a 3.57% than the last price ($62.76).