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Downtrend Broken Resist.Archive
- 2/14/2025 -
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Dollar General (DG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Dollar General (DG). During the week, the DG climbed 0.07 points, or 0.10%, and closed at 72.56 on Friday, February 14, 2025. Weekly volume was -17% below average.
 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 (53.05) 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 74.31 on February 11, 2025. DG gained -7.88 points, or -11.86%, in 3 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 71.68 and resistance is at 74.48. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See DG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 29, 2024. This is an indication that the medium-term trend is up. 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 February 3, 2025 at 69.32 and reached 74.31 on February 11, 2025. DG gained -4.99 points, or -7.20%, in 8 days. The price is now at the 35.07% retracement level.
 Daily Technical Indicators: [See DG daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since January 23, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (7%) is close to one year low (6.41%). It is 58.38% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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