Dollar General DG Buy and Sell Signals

Source: Stock Traders Daily

Longer Term Trading Plans for DG
  • Buy DG over 202.28 target 217.79 stop loss @ 201.7 Details
  • The technical summary data tells us to buy DG near 202.28 with an upside target of 217.79. This data also tells us to set a stop loss @ 201.7 to protect against excessive loss in case the stock begins to move against the trade. 202.28 is the first level of support below 216.55 , and by rule, any test of support is a buy signal. In this case, support 202.28 would be being tested, so a buy signal would exist.

  • Short DG under 217.79, target 202.28, stop loss @ 218.42 Details
  • The technical summary data is suggesting a short of DG as it gets near 217.79 with a downside target of 202.28. We should have a stop loss in place at 218.42though. 217.79 is the first level of resistance above 216.55, and by rule, any test of resistance is a short signal. In this case, if resistance 217.79 is being tested, so a short signal would exist.

Swing Trading Plans for DG
  • Buy DG over 217.79, target 219.11, Stop Loss @ 217.16 Details
  • If 217.79 begins to break higher, the technical summary data tells us to buy DG just over 217.79, with an upside target of 219.11. The data also tells us to set a stop loss @ 217.16 in case the stock turns against the trade. 217.79 is the first level of resistance above 216.55, and by rule, any break above resistance is a buy signal. In this case, 217.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DG near 217.79, target 213.15, Stop Loss @ 218.42. Details
  • The technical summary data is suggesting a short of DG if it tests 217.79 with a downside target of 213.15. We should have a stop loss in place at 218.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 217.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DG
  • Buy DG over 217.90, target 219.11, Stop Loss @ 217.39 Details
  • If 217.90 begins to break higher, the technical summary data tells us to buy DG just over 217.90, with an upside target of 219.11. The data also tells us to set a stop loss @ 217.39 in case the stock turns against the trade. 217.90 is the first level of resistance above 216.55, and by rule, any break above resistance is a buy signal. In this case, 217.90, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DG near 217.90, target 215.42, Stop Loss @ 218.41. Details
  • The technical summary data is suggesting a short of DG if it tests 217.90 with a downside target of 215.42. We should have a stop loss in place at 218.41 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 217.90, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

DG Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Neutral
P1 0 0 202.28
P2 215.42 213.15 217.79
P3 217.90 219.11 232.08

DG Long Term Analysis for September 15 2021


DG Swing Trading Analysis for September 15 2021


DG Day Trading Analysis for September 15 2021

Trading Dollar General (NYSE: DG) can be rewarding so long as traders and investors observe the important pivot points for the stock before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DG too.  All of these are offered below the Summary Table.

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