The Greedy Trader Weekly Analysis
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Number of records: 15
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Dollar General
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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergence
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It was a fourth consecutive positive week for the Dollar General (DG). During the week, the DG gained 1.70 points, or 1.97%, and closed at 87.98 on Friday, December 01, 2017. Weekly volume was 15% above average.

Long-term trend: [See DG long-term trend chart]
A long-term uptrend had started on August 30, 2006 at 12.10 and reached 96.88 on July 27, 2016. DG gained -84.78 points, or -700.66%, in 517 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 71.08 and resistance is at 114.15. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See DG medium-term trend chart]
A medium-term uptrend had started on June 16, 2017 at 65.97 and reached 89.80 on November 30, 2017. DG gained -23.83 points, or -36.12%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 83.39 and resistance is at 88.49. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See DG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 28, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See DG short-term trend chart]
A short-term uptrend had started on November 7, 2017 at 79.79 and reached 89.80 on November 30, 2017. DG gained -10.01 points, or -12.55%, in 23 days. The price is now at the 18.18% retracement level.

Daily Technical Indicators: [See DG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since November 15, 2017. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.78
Williams' Percentage Range (W%R) 14.60
Overbought
Lane's Stochastic (%D-Slow) 77.04
Bearish
Greed/Fear Indicator (GFI) 76.41
Moving Average Converg./Diverg. (MACD) 1.40 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.22
Williams' Percentage Range (W%R) 7.50
Strong Overbought
Lane's Stochastic (%D-Slow) 81.67
Overbought Bearish
Greed/Fear Indicator (GFI) 79.18
Moving Average Converg./Diverg. (MACD) 2.18 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 90.77
Daily Stochastic Crossing 88.85
Monthly Trendline Resistance 88.49
Price 87.98
Weekly Stochastic Crossing 87.89
Parabolic System 86.90
20 Day Moving Average 84.77
Monthly Trendline Support 83.39
50 Day Moving Average 82.91
Lower Bollinger Band 80.11
Yearly Trendline Support 71.08
Sector and Industry
Description Name Rank
Sector Services 4
Industry Discount Variety Stores 117
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 85.57
Low Date 11/27/2017
High 89.80
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.79
Low Date 11/07/2017
High 89.80
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 88.49
Support 83.39
Low 65.97
Low Date 06/16/2017
High 89.80
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.88
High Date 07/27/2016
Low 65.97
Low Date 06/16/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 114.15
Support 71.08
Low 12.10
Low Date 08/30/2006
High 96.88
High Date 07/27/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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