United

Resistance

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>General Mills, Inc. (GIS) stock declined over 20.51% in the YTD time frame.&nbsp;</a> </li> 
 <li> <span>2</span> <a>In the 52 weeks time frame, GIS stock peaked at $90.89 and its lowest trading price was $64.70.&nbsp;</a> </li> 
 <li> <span>3</span> <a>At the time of writing, GIS stock price was trading below 20,50,100 and 200 day EMAs.</a> </li> 
</ul> 
<p>GIS stock has been declining since the beginning of 2023. At the time of publication GE stock price was $66.15. It opened with a surge of 1.78% on the September 9 trading session.&nbsp;</p> 
<p>In the 52 weeks time frame, GIS stock peaked at $90.89 and its lowest trading price was $64.70. General Mills, Inc. has a market capitalization of $38.445 Billion. Market cap declined by 22.24% compared to this time in 2022.&nbsp;</p> 
<p>The MACD suggests that sellers are aggressive, the RSI line is penetrating deep inside the oversold territory. Significant sellers accumulation is seen below the histogram.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh4.googleusercontent.com/9v9S7fKQsch1GMunvXiHPU-JlUww4G7T3P7qUVGIhoYVn1NW_FOkrhxsxVUtQJie8W9qmP8hOOHUWVpmPyNu9vT5yycFq_dd5fGQ6N4vHg2r2YdjcGM3sFYfaq75IpNTrYMxQ017TQRaZZ_rfZTL6Ms" alt="RSI &amp; MACD Suggest GIS is Oversold; Lost 20.51% YTD">
  <figcaption class="wp-element-caption">
   Source: GIS stock price chart from TradingView&nbsp;
  </figcaption>
 </figure>
</div> 
<p>At the time of writing GIS stock price was trading below 20,50,100 and 200 day EMAs. In the weekly time frame, a decline of 19% was observed in the past three months and over the year, a decline of 12.80% was recorded.</p> 
<p>General Mills, Inc. stock was trading below its annual price target of $76.24 which is around 15.25% greater than press time trading price. The dividend yield TTM was 3.34%, the company is yet to pay a dividend for August 2023.&nbsp;</p> 
<p>General Mills, Inc. is engaged in the manufacture and marketing of branded consumer foods sold through retail stores. Its product categories include snacks, ready-to-eat cereal, convenient meals, pet food, refrigerated and frozen dough including others.</p> 
<h2 class="wp-block-heading" id="strong-general-mills-inc-financial-updates-strong"><strong>General Mills, Inc. Financial Updates&nbsp;</strong></h2> 
<p>In 2022, General Mills, Inc. reported $20.09 Billion in revenue from which its gross profit was 34% and net income was positive 13%. According to TradingView, 579.152 Million GIS <a href="https://www.thecoinrepublic.com/2023/08/01/richard-heart-under-the-secs-radar-sued-for-unregistered-sales/">shares </a>are free floating and 0.35% are closely held. Compared to 2021, profit margin and growth declined in 2022.&nbsp;</p> 
<p>The company generates the majority of its revenue from the United States, North America, Canada and a few other countries. In the long term, total liabilities of the company are $13.72 Billion and assets of the company are $26.78 Billion.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $64.70 &amp; $90.89</p> 
<p>Resistance Levels: $68.28 &amp; $70.74</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>GIS stock seems to be losing bulls’ attention as it has been on a decline since the start of 2023, market capitalization followed suit.The MACD suggests that sellers are aggressive; the RSI line is steadily penetrating deep inside the oversold territory. The MACD histogram shows seller accumulation.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

RSI & MACD Suggest GIS is Oversold; Lost 20.51% YTD

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 9, 2023

The Sandbox (SAND) Price Prediction 2024, 2025, 2026-2030

Marak Penipuan, Pengguna Dompet Crypto MetaMask Harap Waspada

LOreal Share Forecast: Can (EPA: OR) Price Boost Upward?

Politisi AS Sebut Bitcoin Mining Menguntungkan Secara Ekonomi

Bitcoin Price Prediction as Bears Pull BTC Price Below $26,000 – Can BTC Fall to $20,000 Again?

DOGE Creator Unveils 'New Thing' About Sam Bankman-Fried

Join our free newsletter for daily crypto updates!