DOLLAR GENERAL CORP (DG) Stock Technical Analysis
NYSE:DG • US2566771059
We assign a technical rating of 10 out of 10 to DG. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, DG did better than 95% of all other stocks. We also observe that the gains produced by DG over the past year are nicely spread over this period.
- DG is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 97% of 38 stocks in the same industry.
- DG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DG has a been trading in the 140.00 - 153.88 range, which is quite wide. It is currently trading near the high of this range.
- DG has an average volume of 3779440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although DG has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
96.10
5 important support areas can be observed.
- A support zone ranging from 146.89 to 147.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 140.60 to 143.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @109.72 from a trend line in the weekly time frame.
- Support @100.89 from a trend line in the daily time frame.
- Support @97.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 153.85 to 153.85. 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 | 95.81 | POSITIVE | DG has a high relative strength, it outperformed 95.81% 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) | 65.18 | NEUTRAL | The RSI value for DG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests DG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.37 | NEUTRAL | The Stochastics value for DG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for DG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.73 | POSITIVE | The high ADX value value for DG suggests a strong trend. |
153.84
+5.28 (+3.55%)
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.
Can you provide the trend direction for DOLLAR GENERAL CORP?
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 65.1807. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DOLLAR GENERAL CORP?
The MACD indicator for DOLLAR GENERAL CORP (DG) has a value of -0.124477, indicating a bearish trend.
What is the buy/sell signal for DG stock?
The buy/sell signal for DOLLAR GENERAL CORP (DG) is buy as both the short term and long term trends are positive.