GIS Price Prediction Next Week
Technical Analysis: Based on the latest price data, GIS is showing bearish momentum with RSI-14 at 43.57 indicating a neutral to slightly bearish sentiment. The stock is trading below all major moving averages (5,10,20,60,200-day SMAs), suggesting a strong downward trend.
Price Levels and Targets:
- Current Price: $58.84
- Fibonacci Support Levels:
- S1: $58.12
- S2: $57.49
- S3: $56.47
- Fibonacci Resistance Levels:
- R1: $60.16
- R2: $60.79
- R3: $61.81
News Impact: Recent news indicates potential headwinds:
- Trump's planned reciprocal tariffs could increase food can costs, potentially impacting GIS's margins
- Analysts maintain a Hold rating with a price target of $70.00, suggesting limited upside potential
- The company's Q3 earnings are expected on March 19, with analysts projecting EPS of $0.99, down 15.4% year-over-year
Next Week's Price Prediction: Based on technical indicators and news sentiment:
- Most Likely Scenario (60% probability): Price decline to S1 level of $58.12
- Bearish factors:
- Below all major moving averages
- Weak RSI momentum
- Negative news sentiment regarding tariffs
- Upcoming earnings uncertainty
Recommendation: SELL
- Current price levels show weakness with multiple technical indicators suggesting further downside
- Entry point for short positions: Current price $58.84
- Target: $58.12 (S1 level)
- Stop loss: $60.16 (R1 level)
GIS Similar Chart Price Prediction
The price of GIS is predicted to go up -13.69%, based on the high correlation periods with AIRG. The similarity of these two price pattern on the periods is 93.15%.
GIS
AIRG
Down: -13.69%Similarity: 93.15%
GIS Revenue Forecast
GIS EPS Forecast
GIS FAQs
What is bull’s view on GIS?
What is bear's view on GIS?
What is GIS revenue forecast for next quarter？
What is GIS eps forecast for next quarter？
GIS VS S&P500
General Mills holds strong brands in pet food, which should benefit from growing pet ownership and humanization trends. The brands acquired from Blue Buffalo are particularly well positioned in the more attractive premium segment.
Hedging, price increases, and cost management help General Mills to absorb input cost inflation more effectively than some of its peers, as seen by its adjusted operating margin remaining healthy amid recent high inflation.
General Mills commands leading shares across several categories, entrenching its importance with retailers.
GIS Analyst's Forecast
Chris Carey
Wells Fargo
Hold
2025-02-19
Price Target
$64 → $61
Upside
+5.19%
Wells Fargo lowered the firm's price target on General Mills to $61 from $64 and keeps an Equal Weight rating on the shares. The firm notes General Mills was cautious near-term, suggesting it may need to revisit guidance if trends don't improve. Wells is lowering 2025 EPS below guide and FY26 further. The firm's struggle has been General Mills estimates that have been too high and as such can't embrace low price to earnings. Sooner this ends the better, it adds.
Matthew Smith
Stifel
Strong Buy
2025-02-19
Price Target
$72 → $65
Upside
+12.09%
John Baumgartner
Mizuho
Hold
2025-02-10
Price Target
$72 → $65
Upside
+11.91%
