General Mills stock: buy or sell
Jul 29th, 2021
General Mills stock brief
- General Mills stock sliced -1.23% to close at $58.82 on the stock market on Wednesday.
- Last May price started dropping and printed 2 consecutive lower tops. shares price lost a -8.24% since the downtrend started.
- 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 not any eligible buy setup. This doesn't mean $GIS will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell General Mills stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies give us the ability us to avoid impulsive decisions based on our moods or the buzz surrounding the market. We like very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups should not be used for shorting $GIS stock
A guiding principle is that you must never keep an open trade that shows a greater losses than those expected upon purchase. 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 previous month we couldn't find any rating for General Mills
General Mills stock analysis
General Mills continues in downtrend since last May, and has droppped a -8.24%. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 3 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current support levels are:
The current distance between the upper and lower bands is 3.04%, meaning that volatility is at very low levels. The tightness of the Bollinger bands is usually a sign of a sharp price movement (up or down), so we must be cautious and manage our buy or sell orders accordingly
Relative strength index
The has been between the levels of 70 and 30 for many weeks, and therefore, without this indicator really helping us to make any decisions.
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. An investment of $1,000USD on Mar 1980 would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for General Mills stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and many times. If you are a small trader you shouldn't invest based on these forecasts.
In the last month we couldn't find any price target posted for General Mills stock.
Earnings and financials
General Mills, Inc. ($GIS) reported earnings of $0.91 per share in late June, slightly surpassing the Wall St consensus estimate of $0.84 per share. This quarterly report means an earnings surprise of 8.33%. Predicted revenue for this quarter was $4.4 billion but General Mills slightly beat by 3.76%, reporting $4.5 billion.Same quarter one year ago, reported EPS was $0.77, so recently posted EPS means an improvement of 18.18%. Sales fell a -9.94% on an annualized basis in the , from $50.2B to $45.2B last quarter.
General Mills ($GIS) is hosting the quarterly earnings call next September. Wall Street predicts of $0.88, compared to Q4 that was $0.91.
General Mills performance
|General Mills ($GIS)||-2.10%||-2.60%||-0.90%|
Important:The thoughts expressed in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the individual circumstances of the reader, his or her own 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 Opinions are provided for informational motives only
General Mills summary
|Wednesday, July 28th, 2021|
|Day range||$58.66 - $59.49|
|Average true range||$1.07|
|50d mov avg||$60.74|
|100d mov avg||$60.52|
|200d mov avg||$59.02|
|Earnings date||September 21st, 2021|