Dollar General Corporation Stock Forecast
Dollar General Corporation stock price ended at $129.53 on Thursday, after losing 3.64%.
(Updated on Jun 06, 2024)
The Dollar General Corporation stock price fell by -3.64% on the last day (Thursday, 6th Jun 2024) from $134.42 to $129.53. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.92% from a day low at $128.33 to a day high of $132.08. The price has fallen in 7 of the last 10 days and is down by -8.49% for this period. Volume has increased on the last day by 470 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $404.55 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.82% during the next 3 months and, with a 90% probability hold a price between $107.30 and $121.48 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DG Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.24%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $134.59 and $139.73. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $127.94 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 $3.75 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 4.84%.
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 Friday 7th
For the upcoming trading day on Friday, 7th we expect Dollar General Corporation to open at $129.98, and during the day (based on 14 day Average True Range), to move between $123.67 and $135.39, which gives a possible trading interval of +/-$5.86 (+/-4.52%) up or down from last closing price. If Dollar General Corporation takes out the full calculated possible swing range there will be an estimated 9.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $127.94 (1.23%) than the resistance at $136.91 (5.70%), 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?
Dollar General Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.618 Sell Candidate Unchanged
Predicted Opening Price for Dollar General Corporation of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| $129.98 ( 0.347%) | $129.53 |
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 | |
|---|---|---|
| R3 | 133.73 | 3.24% |
| R2 | 132.30 | 2.14% |
| R1 | 131.41 | 1.45% |
| Price | 129.53 | |
| S1 | 128.55 | -0.759% |
| S2 | 127.66 | -1.44% |
| S3 | 126.23 | -2.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 158.17 | 22.11% |
| R2 | 150.06 | 15.85% |
| R1 | 136.91 | 5.70% |
| Price | 129.53 | |
| S1 | 127.94 | -1.23% |
| S2 | 0 | - |
| S3 | 0 | - |
DG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | Jul 09, 2024 | Jul 23, 2024 | $0.590 | 0.455% |
| 2 | Mar 13, 2024 | Apr 08, 2024 | Apr 23, 2024 | $0.590 | 0.413% |
| 3 | Dec 06, 2023 | Jan 08, 2024 | Jan 23, 2024 | $0.590 | 0.440% |
| 4 | Aug 30, 2023 | Oct 06, 2023 | Oct 24, 2023 | $0.590 | 0.506% |
| 5 | May 30, 2023 | Jul 10, 2023 | Jul 25, 2023 | $0.590 | 0.358% |
FAQ
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