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|It was the negative week for the Dollar General (DG). During the week, the DG dropped -1.18 points, or -1.19%, and closed at 98.26 on Friday, February 09, 2018. Weekly volume was 14% above average. |
DG is a member of Services Sector. Services is the 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 72.30 and resistance is at 116.63. 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 price is now at the 18.97% retracement level.
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 April 28, 2017. This is an indication that the medium-term trend is up. 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 February 6, 2018 at 92.74 and reached 99.53 on February 7, 2018. DG gained -6.79 points, or -7.32%, in 1 days. The price is now at the 18.70% retracement level.
Daily Technical Indicators: [See DG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since January 31, 2018. The distance between MACD and the signal line is relatively high and getting bigger.
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.