General Mills, Inc. Stock Forecast

Weaker technical forecast for General Mills, Inc. as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)

GRM.DE Signals & Forecast

There are mixed signals in the stock today. The General Mills, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 63.16€. On a fall, the stock will find some support from the short-term average at 62.46€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.316%. Further fall is indicated until a new bottom pivot has been found. General Mills, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for General Mills, Inc. stock

General Mills, Inc. finds support from accumulated volume at 62.64€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.650€ between high and low, or 1.03%. For the last week the stock has had daily average volatility of 0.81%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GRM.DE) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect General Mills, Inc. to open at 63.25€, and during the day (based on 14 day Average True Range), to move between 62.26€ and 63.80€, which gives a possible trading interval of +/-0.768€ (+/-1.22%) up or down from last closing price. If General Mills, Inc. takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 62.64€ (0.62%) than the resistance at 66.40€ (5.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is General Mills, Inc. stock A Buy?

General Mills, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.180 Sell Candidate Downgraded

Predicted Opening Price for General Mills, Inc. of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.