The Greedy Trader Weekly Analysis
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Number of records: 13
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Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
Dollar General
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was the negative week for the Dollar General (DG). During the week, the DG dropped -1.91 points, or -1.72%, and closed at 108.91 on Friday, September 14, 2018. It was the worst weekly loss since June 1, 2018. Weekly volume was -11% below average.

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 76.15 and resistance is at 124.43. 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 (95.36) 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 and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range 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. 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 August 1, 2018 at 96.37 and reached 112.59 on September 11, 2018. DG gained -16.22 points, or -16.83%, in 41 days. The chart has formed a Rising Channel chart pattern.

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.

A Parabolic SAR (stop and reversal) indicator (108.6) comes close to the price (108.91). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.99
Williams' Percentage Range (W%R) 35.50
Lane's Stochastic (%D-Slow) 65.95
Greed/Fear Indicator (GFI) 61.47
Moving Average Converg./Diverg. (MACD) 2.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.33
Williams' Percentage Range (W%R) 11.90
Overbought
Lane's Stochastic (%D-Slow) 89.39
Overbought
Greed/Fear Indicator (GFI) 79.88
Moving Average Converg./Diverg. (MACD) 2.99
Trading Signals
Description Value Chart
Yearly Trendline Resistance 124.43
Upper Bollinger Band 111.74
Daily Stochastic Crossing 110.90
Weekly Stochastic Crossing 110.84
Price 108.91
20 Day Moving Average 108.68
Parabolic System 108.60
Lower Bollinger Band 104.46
50 Day Moving Average 103.36
Quarterly Trendline Support 95.36
Quarterly Trendline Resistance 92.39
Sector and Industry
Description Name Rank
Sector Services 7
Industry Discount Variety Stores 106
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 96.37
Low Date 08/01/2018
High 112.59
High Date 09/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 92.39
Support 95.36
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 124.43
Support 76.15
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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