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|It was a first positive week after 6 consecutive negative weeks for the Dollar General (DG). During the week, the DG gained 8.49 points, or 9.77%, and closed at 95.43 on Friday, March 16, 2018. Weekly volume was 98% 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 105.82 on January 29, 2018. DG gained -93.72 points, or -774.55%, in 595 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.93 and resistance is at 117.89. 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 downtrend had started on January 29, 2018 at 105.82 and reached 85.54 on March 9, 2018. DG lost 20.28 points, or 19.16%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (95.55) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
Weekly Technical Indicators: [See DG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 23, 2018. This is an indication that the medium-term trend is down. 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 March 9, 2018 at 85.54 and reached 96.50 on March 15, 2018. DG gained -10.96 points, or -12.81%, in 6 days. The price is now at the 9.76% retracement level.
Daily Technical Indicators: [See DG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.