The Greedy Trader Weekly Analysis
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Number of records: 10
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Dollar General
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance line
Daily :Williams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageBroken trend support lineThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Dollar General (DG). During the week, the DG dropped -5.54 points, or -5.07%, and closed at 103.76 on Friday, October 05, 2018. It was the worst weekly loss since June 1, 2018. DG was trading at average weekly trading volume.

DG is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See DG long-term trend chart]
A long-term uptrend had started on August 30, 2006 at 12.10 and reached 112.59 on September 11, 2018. DG gained -100.49 points, or -830.50%, in 627 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 76.54 and resistance is at 125.22. 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 112.59 on September 11, 2018. DG gained -46.62 points, or -70.67%, in 64 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (96.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See DG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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.

The weekly MACD line is above its signal line since August 10, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 31, 2018 at 86.87 and reached 112.59 on September 11, 2018. DG gained -25.72 points, or -29.61%, in 103 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (105.93) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DG may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See DG daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since September 12, 2018. The distance between MACD and the signal line is near its high and getting bigger.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.85
Williams' Percentage Range (W%R) 88.30
Oversold
Lane's Stochastic (%D-Slow) 25.45
Greed/Fear Indicator (GFI) 24.67
Moving Average Converg./Diverg. (MACD) 0.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.90
Williams' Percentage Range (W%R) 32.30
Lane's Stochastic (%D-Slow) 78.25
Greed/Fear Indicator (GFI) 67.06
Moving Average Converg./Diverg. (MACD) 3.56
Trading Signals
Description Value Chart
Weekly Trendline Resistance 116.92
Upper Bollinger Band 111.55
Weekly Stochastic Crossing 109.84
20 Day Moving Average 108.45
Parabolic System 108.10
50 Day Moving Average 106.02
Weekly Trendline Support 105.93
Daily Stochastic Crossing 104.29
Price 103.76
Lower Bollinger Band 103.40
Quarterly Trendline Support 96.75
Quarterly Trendline Resistance 91.10
Sector and Industry
Description Name Rank
Sector Services 8
Industry Discount Variety Stores 92
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 112.59
High Date 09/11/2018
Low 103.19
Low Date 10/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 116.92
Support 105.93
Low 86.87
Low Date 05/31/2018
High 112.59
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.54
Low Date 03/09/2018
High 112.59
High Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 91.10
Support 96.75
Low 65.97
Low Date 06/16/2017
High 112.59
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 125.22
Support 76.54
Low 12.10
Low Date 08/30/2006
High 112.59
High Date 09/11/2018
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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