DOLLAR GENERAL CORP (DG) Stock Technical Analysis
NYSE:DG - New York Stock Exchange, Inc. - US2566771059 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to DG. Although DG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
DG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
DG has an average volume of 4496560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that DG is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
DG is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 57% of 41 stocks in the same industry.
DG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DG is lagging the market.
DG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 113.48. Right above this resistance zone may be a good entry point.
More info and screens
85.16
114.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 96.43 to 97.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @93.13 from a trend line in the daily time frame.
- Support @86.02 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 113.48 to 113.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 79.89 | POSITIVE | DG has a high relative strength, it outperformed 79.89% 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) | DOWN | MIXED | The current price of DG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.19 | NEUTRAL | The RSI value for DG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests DG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.02 | OVERBOUGHT | The high Stochastics value suggests DG may be overbought. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for DG suggests some volalility. |
| Average Directional Index/ADX (14) | 34.9 | POSITIVE | The high ADX value value for DG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 113.85 | 96.35 | 17.50 (15.37%) | 6.51% |
| An entry @113.85. This is a Buy Stop order right above the resistance zone. | An exit @96.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 17.50 points, which is 15.37%. | For a 1.00% total portfolio risk, you can invest 6.51% of your capital in this trade. |
- 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.
111.84
+0.39 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0.35%
1 Week-1.76%
2 Weeks15.22%
1 Month27.53%
3 Month41.53%
6 Month45.36%
12 Month-11.09%
2 Year-34.13%
3 Year-54.43%
5 Year-41.29%
10 Year43.86%
15 Year305.95%
Volatility
ATR(14)3.54
ATR(20)%3.12%
ATR Inc-50.78%
Range Today2.15
ADR(20)3.01
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.89
Mansfield1.55
10 Day High115.11
10 Day Low96.36
20 Day High115.11
20 Day Low87.54
52 Week High135.46
52 Week Low66.43
CS1 End97.07
CR1 Start113.48
Volume & EV
DER(3)2.61%
DER(5)1.07%
Volume2.83M
Volume Incr-33.46%
Vol(5)2.97M
Vol(50)4.50M