General Mills' share price was heavily penalized and is now near to a solid support area in daily data.

However, analysts have revised slightly downward their earnings forecasts.
With an EPS estimated at USD 2.9 for this year and USD 3.13 for the next year, General Mills is currently paid 16.76 and 15.52 times the results.

Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at USD 49.1, shows. Nevertheless, the stock seems in an oversold situation, near to its USD 48.38 support in daily data. This level might stop the bearish trend in the short term.

Considering technical and fundamental elements, it seems to be an appropriate timing to immediately take a long position in General Mills in order to benefit from the USD 48.4 support area. A first target price will be the USD 50.15 resistance. A stop loss order will be placed under the short-term support currently tested.