General Mills’ stock price (GIS) extended its losses in latest intraday trading, amid the dominance of the main downward trend as the price trades alongside the secondary short-term trend line, with ongoing negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic, which return after the stock previously vented off some oversold saturation there. 

 

Therefore we expect the price to decline and target the support of $47.57, provided the resistance of $55.15 holds on.

 

Today’s price forecast: Bearish