DOLLAR GENERAL CORP (DG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DG - US2566771059 - Common Stock
Overall DG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DG is showing a nice and steady performance.
DG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for DG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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96.10
3 important support areas can be observed.
- Support @124.26 from a horizontal line in the daily time frame.
- Support @103.82 from a trend line in the weekly time frame.
- A support zone ranging from 97.07 to 97.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DG is up. |
| ChartMill Relative Strength | 93.96 | POSITIVE | DG has a high relative strength, it outperformed 93.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.59 | OVERBOUGHT | The high RSI value suggests DG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.28 | POSITIVE | The MACD value suggests DG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.22 | OVERBOUGHT | The high Stochastics value suggests DG may be overbought. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for DG suggests some volalility. |
| Average Directional Index/ADX (14) | 50.43 | POSITIVE | The high ADX value value for DG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 137.91 | 122.69 | 15.22 (11.03%) | 9.06% |
| An entry @137.91. This is a Buy Stop order right above the 10 day high. | An exit @122.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 15.22 points, which is 11.03%. | When investing 9.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
137.28
+0.6 (+0.44%)
DOLLAR GENERAL CORP / DG FAQ
Can you provide the ChartMill technical rating for DOLLAR GENERAL CORP?
ChartMill assigns a technical rating of 10 / 10 to DG.
What is the current trend direction of DOLLAR GENERAL CORP (DG) stock?
The current trend direction for DOLLAR GENERAL CORP (DG) is Bullish.
What is the RSI signal for DOLLAR GENERAL CORP (DG) stock?
DOLLAR GENERAL CORP (DG) has an RSI value of 77.5918. This indicates that the stock is currently overbought.
What is the MACD signal for DOLLAR GENERAL CORP (DG) stock?
The MACD indicator for DOLLAR GENERAL CORP (DG) has a value of 1.28336, indicating a bullish trend.
What are the support and resistance levels for DOLLAR GENERAL CORP (DG) stock?
DOLLAR GENERAL CORP (DG) has a support level at 124.26. Check the full technical report for our detailed analysis of DG support and resistance levels.