The Hourly View for GIS
At the moment, GIS (Get Ratings)’s price is up $0.05 (0.07%) from the hour prior. GIS has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
GIS’s Technical Outlook on the Daily Chart
At the time of this writing, GIS’s price is up $0.17 (0.28%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as GIS has now gone up 8 of the past 10 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. General Mills Inc’s price action over the past 90 days can be seen via the chart below.
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The post General Mills Inc (GIS): Price Now Near $60.12; Daily Chart Shows Downtrend on 100 Day Basis appeared first on ETF Daily News.
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