The Greedy Trader Weekly Analysis
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Number of records: 5
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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 :Overbought sector
Daily :A Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Dollar General (DG). During the week, the DG gained 5.64 points, or 6.32%, and closed at 94.90 on Friday, June 08, 2018. It was the best weekly gain since March 16, 2018. Weekly volume was 18% above 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 74.38 and resistance is at 120.84. 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 trend support level is at 92.06 and resistance is at 98.21. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See DG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 23, 2018. 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 April 17, 2018 at 101.20 and reached 86.87 on May 31, 2018. DG lost 14.33 points, or 14.16%, in 44 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 84.75 and resistance is at 97.71. 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 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 May 30, 2018. 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.

A Parabolic SAR (stop and reversal) indicator (95.38) comes close to the price (94.90). 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.66
Williams' Percentage Range (W%R) 39.90
Lane's Stochastic (%D-Slow) 60.28
Greed/Fear Indicator (GFI) 55.36
Moving Average Converg./Diverg. (MACD) -0.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.61
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 51.82
Greed/Fear Indicator (GFI) 49.32
Moving Average Converg./Diverg. (MACD) 2.79
Trading Signals
Description Value Chart
Upper Bollinger Band 99.57
Quarterly Trendline Resistance 98.21
Monthly Trendline Resistance 97.91
Weekly Trendline Resistance 97.71
50 Day Moving Average 95.38
Parabolic System 95.38
Price 94.90
20 Day Moving Average 94.62
Weekly Stochastic Crossing 94.22
Monthly Trendline Support 94.14
Daily Stochastic Crossing 93.67
Quarterly Trendline Support 92.06
Lower Bollinger Band 89.17
Weekly Trendline Support 84.75
Sector and Industry
Description Name Rank
Sector Services 8
Industry Discount Variety Stores 97
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 98.61
High Date 05/25/2018
Low 86.87
Low Date 05/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 97.71
Support 84.75
High 101.20
High Date 04/17/2018
Low 86.87
Low Date 05/31/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 97.91
Support 94.14
High 105.82
High Date 01/29/2018
Low 85.54
Low Date 03/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 98.21
Support 92.06
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 120.84
Support 74.38
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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