How the price action of General Mills (GIS) is used to our Advantage

August 17, 2022, 16:00 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  General Mills (NYSE: GIS) data table below can help you with price action, and we have more details too. Trading plans for GIS are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for GIS

• Buy GIS slightly over 73.87 target 77.39 stop loss @ 73.66 Details

The technical summary data tells us to buy GIS near 73.87 with an upside target of 77.39. This data also tells us to set a stop loss @ 73.66 to protect against excessive loss in case the stock begins to move against the trade. 73.87 is the first level of support below 77.135 , and by rule, any test of support is a buy signal. In this case, support 73.87 is being tested, a buy signal would exist.

• Short GIS under 77.39, target 73.87, stop loss @ 77.61 Details

The technical summary data is suggesting a short of GIS as it gets near 77.39 with a downside target of 73.87. We should have a stop loss in place at 77.61though. 77.39 is the first level of resistance above 77.135, and by rule, any test of resistance is a short signal. In this case, if resistance 77.39 is being tested, a short signal would exist.

Swing Trading Plans for GIS

• Buy GIS slightly over 77.39, target 78.29, Stop Loss @ 77.17 Details

If 77.39 begins to break higher, the technical summary data tells us to buy GIS just slightly over 77.39, with an upside target of 78.29. The data also tells us to set a stop loss @ 77.17 in case the stock turns against the trade. 77.39 is the first level of resistance above 77.135, and by rule, any break above resistance is a buy signal. In this case, 77.39, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GIS near 77.39, target 77.03, Stop Loss @ 77.61. Details

The technical summary data is suggesting a short of GIS if it tests 77.39 with a downside target of 77.03. We should have a stop loss in place at 77.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 77.39, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GIS

• Buy GIS slightly over 77.49, target 78.29, Stop Loss @ 77.31 Details

If 77.49 begins to break higher, the technical summary data tells us to buy GIS just slightly over 77.49, with an upside target of 78.29. The data also tells us to set a stop loss @ 77.31 in case the stock turns against the trade. 77.49 is the first level of resistance above 77.135, and by rule, any break above resistance is a buy signal. In this case, 77.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GIS near 77.49, target 77.03, Stop Loss @ 77.67. Details

The technical summary data is suggesting a short of GIS if it tests 77.49 with a downside target of 77.03. We should have a stop loss in place at 77.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 77.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

GIS Ratings for August 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	70.10
P2	76.48	77.03	73.87
P3	77.49	78.29	77.39

Support and Resistance Plot Chart for GIS

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