General Mills, Inc. Stock Forecast

Green day on Friday for General Mills, Inc.
(Updated on Jun 14, 2024)

GRM.DE Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 1.89%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). General Mills, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 63.71€. On a fall, the stock will find some support from the short-term average at 61.78€. 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.

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

General Mills, Inc. finds support from accumulated volume at 61.57€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.13€ (1.86%) between high and low. For the last week, the stock has had daily average volatility of 1.35%.

Our recommended stop-loss: 58.51€ (-5.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (GRM.DE) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect General Mills, Inc. to open at 61.52€, and during the day (based on 14 day Average True Range), to move between 61.00€ and 62.80€, which gives a possible trading interval of +/-0.90€ (+/-1.46%) up or down from last closing price. If General Mills, Inc. takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 61.57€ (0.53%) than the resistance at 64.26€ (3.81%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.504 Hold/Accumulate Unchanged

Predicted Opening Price for General Mills, Inc. of Monday, June 17, 2024

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