Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DG
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Green day on Thursday for Dollar General Corporation stock after gaining 1.20%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 16, 2024 Gain 10.29% PDF

The Dollar General Corporation stock price gained 1.20% on the last trading day (Thursday, 28th Mar 2024), rising from $154.21 to $156.06. During the last trading day the stock fluctuated 1.89% from a day low at $153.66 to a day high of $156.57. The price has risen in 6 of the last 10 days and is up by 4% over the past 2 weeks. Volume fell on the last day by -425 thousand shares and in total, 1 million shares were bought and sold for approximately $218.72 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.88% during the next 3 months and, with a 90% probability hold a price between $172.36 and $197.83 at the end of this 3-month period.

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DG Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -3.20%. 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). The Dollar General Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $153.25 and $147.80. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched 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.

Buy
Special Signal Notification

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 $150.06 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 $2.91 between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 1.89%.

Our recommended stop-loss: $149.74 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (DG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Dollar General Corporation to open at $155.43, and during the day (based on 14 day Average True Range), to move between $151.86 and $160.26, which gives a possible trading interval of +/-$4.20 (+/-2.69%) up or down from last closing price. If Dollar General Corporation takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $158.17 (1.35%) than the support at $150.06 (3.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Dollar General Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dollar General Corporation stock to perform well in the short-term.

Current score: 1.816 Buy Candidate Unchanged

Predicted Opening Price for Dollar General Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$155.43 ( 0.404%) $156.06

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 158.34 1.46 %
R2 157.23 0.749 %
R1 156.54 0.309 %
Current price: 156.06
Support S1 154.32 -1.12 %
S2 153.63 -1.56 %
S3 152.52 -2.27 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 161.22 3.31 %
R2 158.93 1.84 %
R1 158.17 1.35 %
Current price 156.06
Support S1 150.06 -3.84%
S2 149.26 -4.36%
S3 141.50 -9.33%

DG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 13, 2024 Apr 08, 2024 Apr 23, 2024 $0.590 0.378%
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

What is the symbol for Dollar General Corporation Stock and on which exchange is it traded?
The symbol for Dollar General Corporation is DG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Dollar General Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dollar General Corporation stock to perform well in the short-term.

How to buy Dollar General Corporation Stock?
Dollar General Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dollar General Corporation Stock.

What's the current price of Dollar General Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Dollar General Corporation (DG) share was $156.06.

What is the 52-week high and low for Dollar General Corporation Stock?
The 52-week high for Dollar General Corporation Stock is $222.99 and the 52-week low is $101.09.

What is the market capitalization of Dollar General Corporation Stock?
As of the 2024-03-28, the market capitalization of Dollar General Corporation is 34.282B.

When is the next earnings date for Dollar General Corporation?
The upcoming earnings date for Dollar General Corporation is May 30, 2024.
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About Dollar General Corporation

Dollar General Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and... DG Profile

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