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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Dollar General (DG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Dollar General (DG). During the week, the DG dropped -5.36 points, or -3.41%, and closed at 151.95 on Friday, March 15, 2024. It was the worst weekly loss since December 8, 2023. Weekly volume was 56% above 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 37.67 and resistance is at 183.85. 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 Ascending Triangle chart pattern. The uptrend resistance line (144.57) 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 November 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 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 price is now at the 11.14% retracement level. Daily Technical Indicators: [See DG daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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. Candlestick pattern: [See DG candlestick chart pattern] On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.
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