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Downtrend Broken Resistance

Downtrend Broken Resistance 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 7/31/2026 -
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Dollar General (DG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Dollar General (DG). During the week, the DG gained 9.82 points, or 8.38%, and closed at 127.05 on Friday, July 31, 2026. Weekly volume was -39% below average.

DG is a member of Consumer Discretionary Sector. Consumer Discretionary 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 January 16, 2025 at 66.43 and reached 158.23 on February 26, 2026. DG gained -91.80 points, or -138.19%, in 58 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 120.56 and resistance is at 189.46. 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 downtrend had started on February 26, 2026 at 158.23 and reached 99.57 on May 21, 2026. DG lost 58.66 points, or 37.07%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (73.67) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DG may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since July 10, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 May 21, 2026 at 99.57 and reached 130.61 on July 17, 2026. DG gained -31.04 points, or -31.17%, in 57 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 116.50 and resistance is at 134.63. 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 short-term trend.

Daily Technical Indicators: [See DG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (128.1) comes close to the price (127.05). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.82
Williams' Percentage Range (W%R) 19.80
Overbought
Lane's Stochastic (%D-Slow) 77.72
Greed/Fear Indicator (GFI) 70.93
Moving Average Converg./Diverg. (MACD) 2.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.00
Williams' Percentage Range (W%R) 44.40
Lane's Stochastic (%D-Slow) 79.13
Greed/Fear Indicator (GFI) 62.77
Moving Average Converg./Diverg. (MACD) -2.19
Trading Signals
Description Value Chart
Weekly Trendline Resistance 134.63
Upper Bollinger Band 130.94
Parabolic System 128.10
Price 127.05
Daily Stochastic Crossing 126.71
Weekly Stochastic Crossing 124.81
20 Day Moving Average 121.60
Quarterly Trendline Support 120.56
Weekly Trendline Support 116.50
50 Day Moving Average 115.22
Lower Bollinger Band 112.62
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 8
Industry General Merchandise Stores 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 114.42
Low Date 07/23/2026
High 129.13
High Date 07/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 134.63
Support 116.50
Low 99.57
Low Date 05/21/2026
High 130.61
High Date 07/17/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 63.55
Support 73.67
High 158.23
High Date 02/26/2026
Low 99.57
Low Date 05/21/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 189.46
Support 120.56
Low 66.43
Low Date 01/16/2025
High 158.23
High Date 02/26/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 262.21
High Date 04/21/2022
Low 66.43
Low Date 01/16/2025
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.