The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 4/4/2025 -
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Dollar General (DG) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtOversold sectorBroken trend resistance line
Daily :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtLane's Stochastic bearish divergence
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It was a third consecutive positive week for the Dollar General (DG). During the week, the DG gained 6.52 points, or 7.57%, and closed at 92.62 on Friday, April 4, 2025. Weekly volume was 104% above average.

DG is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. 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 March 14, 2024 at 168.07 and reached 66.43 on January 16, 2025. DG lost 101.64 points, or 60.47%, in 44 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (38.49) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DG may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a long-term trend.

Medium-term trend: [See DG medium-term trend chart]
A medium-term uptrend had started on January 16, 2025 at 66.43 and reached 97.85 on April 4, 2025. DG gained -31.42 points, or -47.30%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (72.81) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See DG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 29, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See DG short-term trend chart]
A short-term uptrend had started on March 4, 2025 at 70.01 and reached 97.85 on April 4, 2025. DG gained -27.84 points, or -39.77%, in 31 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (89.27) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a short-term trend.

Daily Technical Indicators: [See DG daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily Lane's Stochastic has bearish 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 daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 6, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.32
Williams' Percentage Range (W%R) 24.10
Lane's Stochastic (%D-Slow) 86.13
Overbought Bearish
Greed/Fear Indicator (GFI) 79.78
Moving Average Converg./Diverg. (MACD) 3.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.13
Williams' Percentage Range (W%R) 17.80
Overbought
Lane's Stochastic (%D-Slow) 79.25
Greed/Fear Indicator (GFI) 74.07
Moving Average Converg./Diverg. (MACD) -7.52
Trading Signals
Description Value Chart
Daily Stochastic Crossing 95.35
Upper Bollinger Band 94.30
Weekly Stochastic Crossing 93.26
Price 92.62
Monthly Trendline Resistance 89.31
Weekly Trendline Support 89.27
Weekly Trendline Resistance 89.14
Parabolic System 88.88
20 Day Moving Average 84.05
50 Day Moving Average 78.06
Lower Bollinger Band 75.18
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 2
Industry General Merchandise Stores 74
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 85.13
Low Date 03/28/2025
High 97.85
High Date 04/04/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 89.14
Support 89.27
Low 70.01
Low Date 03/04/2025
High 97.85
High Date 04/04/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 89.31
Support 72.81
Low 66.43
Low Date 01/16/2025
High 97.85
High Date 04/04/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 55.45
Support 38.49
High 168.07
High Date 03/14/2024
Low 66.43
Low Date 01/16/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 262.21
High Date 04/21/2022
Low 66.43
Low Date 01/16/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.