Description: DG is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $210.3 - $216.7
2. Take profit: $232.69
3. Stop Loss: $205.68
4. Risk To Reward: 1 / 3
5. Accuracy Rating: 94.47%
The PEAD projected a Neutral outlook for $DG after a Negative over reaction following its earnings release placing the stock in drift C
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Price is at the neckline. Long entry would be a break of the neckline with an uptrend. I would imagine DG is getting a bit tired and is having issues at the neckline.
I think it will push through but not unusual to take a few tries. Sometimes hard resistance can knock a security back down.
Any pattern can fail and a double bottom can become a triple bottom...
DG had a bad reaction to earnings and fell quite a bit. It has been like a rocket stock since.
The last time DG had a bearish divergence between price and RSI, it fell substantially. DG also had an ugly top then as well. One appears to be trying to form now. Not long enough to say for sure. Divergences do not always affect a security in the short term. It is...
Based off volume profile, it looks as if DG might be bouncing back pretty soon. After this ER dump, I expect it slowly sell off to around the 165-150 range, where i’ll be buying.
Entered a couple of DG august contracts today, and looking to buy more at anything below 160.
Based on volume profile, it looks like DG has some more opportunity to run down. I expect it to briefly touch that support line dated back to 2017.
Im looking to buy anything below 265, and will enter a massive position upon touching 255. I entered some late dated contracts for August today.
📚DG stock is sitting at some key levels. Should price break the $193 level, it may continue higher to $205 and then $218, based on previous areas of structure (resistance turned support). However, price is still trading well below its 50, 100 and 200 day MA, so watch for the reversal down to $175.
A few days late to see this but in line with my thesis on Consumer Staples being the next sector to perform in the market NYSE:DG hit a long term 50% retracement level support around 175. I would be looking at this to retest the high in terms of price action. Unfortunately even at this level the dividend yield is rather low (0.79%).
Good Morning! In my opinion, Dollar General ( DG ) will have a nice move up if it can complete the bullish cross on the MACD. There is very strong bullish divergence happening on the 4 hour timeframe. There is also some bullish divergence happening on the daily. If we can hold above -4.45 on the daily MACD this could be a great swing opportunity as well.
What are...
Surprisingly enough this company is stellar when you look at the financials. Its Cash Cycle is under 30 days with absolutely NO ACCOUNTS RECIEVABLE!!! its been growing its revenue around 10% each year, management has been buying back shares to increase shareholder equity, its dividends are squat :( , but they are gunning for Five and Below/ FIVE s market by...
Few reasons I like this are price crossed the 10 day EMA. Price gain was good, not too much to start a new trend. No gap ups and trend indicators are pushing up.
bullish cup & handle on daily, better seen on the 4 hr. First a re test of the 200 MA establishing solid foundation for better support. likely Consolidation at 205.79 or the 50 & 100 ma because of resistance, this will be PT1. Once 205.79 is broken through, its likely to be tested as support to continue the bullish trend. PT2 will be at 220.00 also known as...
I expect this next week for Dollar General to be an overall green one, but with very little movement. DG has been struggling to maintain its price above the 200 MA, currently resting above it by a thin margin, and last week found resistance at the 50 MA, which ironically was at our $205 price target for last week. Worst case scenario, DG falls to test its proven...
