|
|
Advanced TA SearchArchive
- 4/5/2024 -
Sign In to see current Signals. |
Dollar General (DG) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Dollar General (DG). During the week, the DG gained 3.49 points, or 2.24%, and closed at 159.55 on Friday, April 5, 2024. Weekly volume was -24% below average.
 Long-term trend: [See DG long-term trend chart]
A long-term downtrend had started on October 28, 2022 at 261.59 and reached 101.09 on October 12, 2023. DG lost 160.50 points, or 61.36%, in 49 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 29.29 and resistance is at 180.70. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See DG medium-term trend chart]
A medium-term uptrend had started on October 12, 2023 at 101.09 and reached 168.07 on March 14, 2024. DG gained -66.98 points, or -66.26%, in 22 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 147.86 and resistance is at 175.99. 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 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 above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 March 14, 2024 at 168.07 and reached 149.93 on March 15, 2024. DG lost 18.14 points, or 10.79%, in 1 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (150.39) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.
 Daily Technical Indicators: [See DG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 14, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
The distance between the Bollinger Bands is falling, and it was 8.32% on Friday. It is 50.51% lower than one year average. It indicates the period of low volatility of the stock price. 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.
| |
|
|