NYSE:DG   Dollar General Corporation
Neutral pattern until a trendline is broken with a confirmed trend in that direction.
Price appears to be consolidating right now so a move may come soon.

The longer term moving averages look good compared to most stocks in the market. These longer term averages lag price significantly.
The 50 DMA is over price and causing resistance today. It should be under price.
The shorter term moving averages in the Alligator indicator follow price more closely and they are in order, red on top, white and blue on bottom, but a bit on the flat side suggesting consolidation. They are not tangled.

Price needs to break the last high of the last leg up to avoid forming an ominous pattern.

I have found this particular triangle set up has not been kind to me in the past. From my experience they break to the downside more often than not. This particular triangle pattern is often a large one and is tacked on to the Side, not the bottom, of a significant move to the downside that has recovered ground to the upside. I guess we all have our set ups we like to trade. Time will tell.
DG should do well during a recession and I may be paranoid. )o:

The latest move down formed a double bottom which would be a critical area of support. The gap below is also critical re is also a gap below that may provide support.

I will watch for now.
You can measure the wide end of a triangle and project it up or down from the trendlines to get a guesstimate of where price may go. If it breaks down, then the measure would be from the top sloping trendline and projected downward and vice versa. There are more than one way folks measure triangle targets and you may have a different method. The white dotted lines represent this measurement.

No recommendation.

I guess it is through observation as well as trial and error that I learn the hard way.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.