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Advanced TA SearchArchive
- 4/19/2024 -
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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 -2.96 points, or -2.00%, and closed at 144.82 on Friday, April 19, 2024. Weekly volume was -41% below average.
 Long-term trend: [See DG long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 262.21 and reached 101.09 on October 12, 2023. DG lost 161.12 points, or 61.45%, in 77 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 70.57 and resistance is at 259.86. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See DG medium-term trend chart]
A medium-term uptrend had started on October 12, 2023 at 101.09 and reached 168.07 on March 14, 2024. DG gained -66.98 points, or -66.26%, in 22 weeks. The price is now at the 34.71% retracement level.
 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 3, 2023. 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 April 16, 2024 at 143.02 and reached 146.76 on April 19, 2024. DG gained -3.74 points, or -2.62%, in 3 days. The price is now at the 51.87% retracement level.
 Daily Technical Indicators: [See DG daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. 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 below its signal line since March 14, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
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