![]() ![]() Digital signs (tokens) (hereinafter referred to as “tokens”) are not legal tender and are not required to be accepted as a means of payment.ģ. We hereby warn about the following risks:ġ. Trade General Mills stock: General Mills shares price Never invest more than you can afford to lose. Trading and investing involve substantial risks and you should always do your own research or contact your financial adviser before arriving at a decision. The views and opinions expressed in the article are those of the author and do not constitute trading advice. Alternatively, a break below $57.36 could attract aggressive selling. If that happens, the stock could turn short-term positive and rally toward $64.50. General Mills’ share price analysis shows that the stock is attempting to break above the falling wedge pattern. General Mills: stock buy or sell at these levels? This bullish view will invalidate if the price turns down from the current level or the overhead resistance and breaks below $57.36. The moving averages are close to completing a bullish crossover and the RSI has jumped into the positive zone, indicating that buyers have the upper hand. Such a move could clear the path for a possible rally to $64.50. If the price turns down but bounces off the moving averages, the possibility of a break above the resistance increases. This level had acted as a strong resistance on 30 June and 20 July, hence the bears may again attempt to defend it aggressively. If they manage to do that, the stock could rally to $61.50. The bulls are currently attempting to push and sustain the price above the wedge. ![]() General Mills’ stock price has been declining inside a falling wedge pattern for the past few days. General Mills share price technical analysis: daily chart On the other hand, if the price turns down from the current level and breaks below the triangle, the stock could drop to $50 and then to the pattern target of $39.58. ![]() If bulls drive and sustain the price above the triangle, the stock could start its northward journey toward the pattern target at $81.38. The next trending move is likely to start after a break above or below the triangle. If the price turns down from this resistance, the stock could extend its stay inside the triangle for a few more weeks. If they succeed, the stock could rally to the resistance line, which may again act as a stiff hurdle. The stock has rebounded off the support line of the triangle and bulls are attempting to push and sustain the price above the moving averages. Both moving averages have been criss-crossing each other inside the triangle and the relative strength index (RSI) is near the midpoint, indicating indecision among bulls and bears. General Mills’ stock price has been trading in a large symmetrical triangle for the past many months. General Mills share price technical analysis: weekly chart Could General Mills stock go up and hit its expected target price? What do the charts suggest? Read our GIS stock analysis to find out. The consensus analyst price target for General Mills, according to Yahoo Finance, is $63.28. This helped offset the slowdown in demand for cooking sauces, cereals, snacks and baking products compared to last year’s peak.Ĭhief executive Jeff Harmening said, according to Reuters: “The current operating environment is as dynamic as we’ve experienced in at least the last decade.”įor fiscal 2022, General Mills estimates organic net sales growth to be toward the higher end of its previous guidance range of a 1%-to-3% decline.Īrun Sundaram, equity analyst at CFRA Research, said in a note on Wednesday, reported in the StarTribune: “We also note is prepared to take additional pricing actions if cost inflation intensifies.” According to The Street, both the topline and the bottom line were ahead of analyst estimates surveyed by FactSet, who on average projected revenue of $4.3bn and earnings of 89 cents per share.Īn increase in the adoption of cats and dogs by people during the pandemic to ease their stress boosted revenues of the pet foods unit by 25%. For the first quarter ended 29 August 2021, General Mills reported sales of $4.54bn and adjusted earnings of 99 cents per share. ![]()
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