Dollar General Corporation Stock Forecast
Red day on Tuesday for Dollar General Corporation stock after losing 0.0840%
(Updated on Apr 23, 2024)
The Dollar General Corporation stock price fell by -0.0945% on the last day (Tuesday, 23rd Apr 2024) from $142.85 to $142.72. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.50% from a day low at $142.21 to a day high of $144.35. The price has fallen in 7 of the last 10 days and is down by -6.96% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -525 thousand shares and in total, 1 million shares were bought and sold for approximately $200.30 million.
Given the current short-term trend, the stock is expected to rise 14.61% during the next 3 months and, with a 90% probability hold a price between $163.59 and $196.50 at the end of this 3-month period.
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DG Signals & Forecast
There are few to no technical positive signals at the moment. The Dollar General Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $144.32 and $153.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -11.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, December 20, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, December 20, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Dollar General Corporation stock
Dollar General Corporation finds support from accumulated volume at $141.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.14 between high and low, or 1.50%. For the last week, the stock has had daily average volatility of 1.72%.
Dollar General Corporation is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DG) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Dollar General Corporation to open at $143.10, and during the day (based on 14 day Average True Range), to move between $138.90 and $146.56, which gives a possible trading interval of +/-$3.83 (+/-2.68%) up or down from last closing price. If Dollar General Corporation takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $141.50 (0.86%) than the resistance at $149.26 (4.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dollar General Corporation stock A Buy?
The Dollar General Corporation stock holds several negative signals and despite the positive trend, we believe Dollar General Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.689 Sell Candidate Unchanged
Predicted Opening Price for Dollar General Corporation of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$143.10 ( 0.257%) | $142.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 145.24 | 1.76 % | |
R2 | 144.42 | 1.18 % | ||
R1 | 143.91 | 0.83 % | ||
Current price: | 142.73 | |||
Support | S1 | 142.28 | -0.316 % | |
S2 | 141.77 | -0.670 % | ||
S3 | 140.96 | -1.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 158.17 | 10.82 % | |
R2 | 150.06 | 5.14 % | ||
R1 | 149.26 | 4.58 % | ||
Current price | 142.73 | |||
Support | S1 | 141.50 | -0.86% | |
S2 | 131.92 | -7.57% | ||
S3 | 131.77 | -7.68% |
DG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Apr 08, 2024 | Apr 23, 2024 | $0.590 | 0.413% |
2 | Dec 06, 2023 | Jan 08, 2024 | Jan 23, 2024 | $0.590 | 0.440% |
3 | Aug 30, 2023 | Oct 06, 2023 | Oct 24, 2023 | $0.590 | 0.506% |
4 | May 30, 2023 | Jul 10, 2023 | Jul 25, 2023 | $0.590 | 0.358% |
5 | Mar 16, 2023 | Apr 10, 2023 | Apr 25, 2023 | $0.590 | 0.269% |
FAQ
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