General Mills stock: buy or sell
Apr 22nd, 2021
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 setup||Buy point||Stop loss||Risk|
|ATH buy setup||$64.48||$58.03||10.00%|
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
|Mar 23rd, 2021|
|Credit Suisse Group||Buy|
|Mar 29th, 2021|
|Credit Suisse Group||Buy|
General Mills stock analysis
Supports and resistances
The current resistances are:
The current supports are:
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
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%
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
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).
|Brokerage firm||Price 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 $0.82 that was reported for Q3.
General Mills performance
|General Mills ($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|
|Day range||$62.36 - $63.17|
|Average true range||$1.08|
|50d mov avg||$58.47|
|100d mov avg||$58.03|
|200d mov avg||$59.32|
|Earnings date||June 30th, 2021|