General Mills, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for General Mills, Inc. as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The General Mills, Inc. stock price fell by -0.316% on the last day (Tuesday, 25th Jun 2024) from 63.23€ to 63.03€. During the last trading day the stock fluctuated 1.03% from a day low at 63.03€ to a day high of 63.68€. The price has risen in 7 of the last 10 days and is up by 1.04% over the past 2 weeks. Volume has increased on the last day by 6 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 221 shares were bought and sold for approximately 13.93€ thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.80% during the next 3 months and, with a 90% probability hold a price between 57.38€ and 61.47€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 63.25€ ( 0.344%) | 63.03€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRM.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 63.90 | 1.38% |
| R2 | 63.65 | 0.98% |
| R1 | 63.49 | 0.738% |
| Price | 63.03 | |
| S1 | 63.00 | -0.0502% |
| S2 | 62.84 | -0.294% |
| S3 | 62.60 | -0.688% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.83 | 6.03% |
| R2 | 66.64 | 5.73% |
| R1 | 66.40 | 5.35% |
| Price | 63.03 | |
| S1 | 62.64 | -0.619% |
| S2 | 61.90 | -1.79% |
| S3 | 61.13 | -3.01% |
GRM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 09, 2024 | May 01, 2024 | 0.590€ | 0.91% |
| 2 | Jan 09, 2024 | Jan 09, 2024 | Feb 01, 2024 | 0.590€ | 0.98% |
| 3 | Oct 06, 2023 | Oct 06, 2023 | Oct 06, 2023 | 0.590€ | 1.01% |
| 4 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | 0.590€ | 0.86% |
| 5 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | 0.540€ | 0.680% |
FAQ
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