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 sectorWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Daily  MACD line has moved below its signal line
Move cursor over the icon to see details.

It was a first positive week for the Dollar General (DG). During the week, the DG climbed 0.03 points, or 0.03%, and closed at 98.63 on Friday, July 06, 2018. Weekly volume was -50% below average.

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 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 74.88 and resistance is at 121.84. 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 105.82 on January 29, 2018. DG gained -39.85 points, or -60.41%, in 32 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (90.82) 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 23, 2018. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See DG short-term trend chart]
A short-term downtrend had started on June 22, 2018 at 101.18 and reached 97.53 on July 2, 2018. DG lost 3.65 points, or 3.61%, in 10 days. The price is now at the 30.14% retracement level.

Daily Technical Indicators: [See DG daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.10
Williams' Percentage Range (W%R) 39.60
Lane's Stochastic (%D-Slow) 28.45
Greed/Fear Indicator (GFI) 48.99
Moving Average Converg./Diverg. (MACD) 0.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.79
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 70.03
Greed/Fear Indicator (GFI) 67.96
Moving Average Converg./Diverg. (MACD) 2.37
Trading Signals
Description Value Chart
Parabolic System 101.06
Upper Bollinger Band 100.49
Price 98.63
Daily Stochastic Crossing 98.23
20 Day Moving Average 97.98
Weekly Stochastic Crossing 97.97
Quarterly Trendline Resistance 96.58
50 Day Moving Average 96.20
Lower Bollinger Band 95.02
Quarterly Trendline Support 90.82
Sector and Industry
Description Name Rank
Sector Services 8
Industry Discount Variety Stores 102
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 101.18
High Date 06/22/2018
Low 97.53
Low Date 07/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.87
Low Date 05/31/2018
High 101.18
High Date 06/22/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.54
Low Date 03/09/2018
High 101.20
High Date 04/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 96.58
Support 90.82
Low 65.97
Low Date 06/16/2017
High 105.82
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 121.84
Support 74.88
Low 12.10
Low Date 08/30/2006
High 105.82
High Date 01/29/2018
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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