DOLLAR GENERAL CORP (DG) Stock Technical Analysis
NYSE:DG • US2566771059
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.
- 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 94% of all other stocks. On top of that, DG also shows a nice and consistent pattern of rising prices.
- DG is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 94% 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 - 155.00 range, which is quite wide. It is currently trading near the high of this range.
- DG has an average volume of 3209770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, DG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 151.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 149.40, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
96.10
We found 5 important support areas.
- A support zone ranging from 147.74 to 149.40. 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 141.77 to 143.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @110.45 from a trend line in the weekly time frame.
- Support @101.19 from a trend line in the daily time frame.
- Support @97.07 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 151.73 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 | 94.69 | POSITIVE | DG has a high relative strength, it outperformed 94.69% 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) | 57.36 | NEUTRAL | The RSI value for DG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DG has a negative trend. |
| Stochastics (14,3) | 74.42 | NEUTRAL | The Stochastics value for DG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for DG suggests some volalility. |
| Average Directional Index/ADX (14) | 32.34 | 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 |
|---|---|---|---|
| 153.86 | 147.73 | 6.13 (3.98%) | 25.00% |
| An entry @153.86. This is a Buy Stop order right above the resistance zone. | An exit @147.73. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.13 points, which is 3.98%. | For a 1.00% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DG. Please evaluate whether better entry and exit points can be found.
- 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.
150.64
-1.15 (-0.76%)
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 57.3624. 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 -0.0474752, 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.