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General Merchandise Stores Industry Stocks Technical Analysis - DGArchive
- 11/8/2024 -
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Dollar General (DG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Dollar General (DG). During the week, the DG dropped -4.81 points, or -5.88%, and closed at 76.95 on Friday, November 8, 2024. It was the worst weekly loss since August 30, 2024. Weekly volume was 56% above average.
DG is a member of General Merchandise Stores Industry. General Merchandise Stores is the fifth most oversold industry. 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 downtrend had started on April 21, 2022 at 262.21 and reached 76.82 on November 8, 2024. DG lost 185.39 points, or 70.70%, in 133 weeks. Price is near the trend low.
 Medium-term trend: [See DG medium-term trend chart]
A medium-term downtrend had started on March 14, 2024 at 168.07 and reached 76.82 on November 8, 2024. DG lost 91.25 points, or 54.29%, in 34 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (87.55) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See DG weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since May 10, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See DG short-term trend chart]
A short-term downtrend had started on November 4, 2024 at 84.39 and reached 76.82 on November 8, 2024. DG lost 7.57 points, or 8.97%, in 4 days. Price is near the trend low.
 Daily Technical Indicators: [See DG daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
The daily MACD line is above its signal line since September 16, 2024. The distance between MACD and the signal line is low and getting smaller.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 7.69% on Friday. It is 52.52% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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