Dollar General Corporation Stock Forecast
Dollar General Corporation stock price ended on $210.46 on Friday after gaining 1.33%
(Updated on Mar 31, 2023)
The Dollar General Corporation stock price gained 1.33% on the last trading day (Friday, 31st Mar 2023), rising from $207.69 to $210.46. During the last trading day the stock fluctuated 1.38% from a day low at $207.63 to a day high of $210.50. The price has risen in 6 of the last 10 days and is up by 0.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 197 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $410.83 million.
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The stock lies in the middle of a 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 -14.76% during the next 3 months and, with a 90% probability hold a price between $169.81 and $181.99 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.
DG Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 23, 2023, and so far it has risen 3.75%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $216.66. On a fall, the stock will find some support from the short-term average at $206.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dollar General Corporation stock
Dollar General Corporation finds support from accumulated volume at $210.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.88 (1.38%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: $199.62 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (DG) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Dollar General Corporation to open at $209.53, and during the day (based on 14 day Average True Range), to move between $206.21 and $214.71, which gives a possible trading interval of +/-$4.25 (+/-2.02%) up or down from last closing price. If Dollar General Corporation takes out the full calculated possible swing range there will be an estimated 4.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $210.33 (0.06%) than the resistance at $214.25 (1.80%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.355 Open Broker Account
Hold/Accumulate UnchangedPredicted Opening Price for Dollar General Corporation of Monday, April 3, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price April 3, 2023 | Current price |
|---|---|
| $209.53 | $210.46 (Overvalued) |
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Trading levels for DG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 212.40 | 0.92 % | |
| R2 | 211.31 | 0.402 % | ||
| R1 | 210.63 | 0.0792 % | ||
| Current price: | 210.46 | |||
| Support | S1 | 208.43 | -0.96 % | |
| S2 | 207.75 | -1.29 % | ||
| S3 | 206.65 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 236.81 | 12.52 % | |
| R2 | 217.11 | 3.16 % | ||
| R1 | 214.25 | 1.80 % | ||
| Current price | 210.46 | |||
| Support | S1 | 210.33 | -0.0618% | |
| S2 | 208.83 | -0.774% | ||
| S3 | 202.85 | -3.62% |
FAQ
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About Dollar General Corporation
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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