Dollar General DG Investment Report

May 16, 2022, 00:15 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Dollar General (NYSE: DG) while incorporating prudent risk controls.

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.

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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.

Longer Term Trading Plans for DG

• Buy DG slightly over 222.68 target 240.98 stop loss @ 222.04 Details

The technical summary data tells us to buy DG near 222.68 with an upside target of 240.98. This data also tells us to set a stop loss @ 222.04 to protect against excessive loss in case the stock begins to move against the trade. 222.68 is the first level of support below 232.33 , and by rule, any test of support is a buy signal. In this case, support 222.68 is being tested, a buy signal would exist.

• Short DG under 240.98, target 222.68, stop loss @ 241.68 Details

The technical summary data is suggesting a short of DG as it gets near 240.98 with a downside target of 222.68. We should have a stop loss in place at 241.68though. 240.98 is the first level of resistance above 232.33, and by rule, any test of resistance is a short signal. In this case, if resistance 240.98 is being tested, a short signal would exist.

Swing Trading Plans for DG

• Buy DG slightly over 233.89, target 240.98, Stop Loss @ 233.21 Details

If 233.89 begins to break higher, the technical summary data tells us to buy DG just slightly over 233.89, with an upside target of 240.98. The data also tells us to set a stop loss @ 233.21 in case the stock turns against the trade. 233.89 is the first level of resistance above 232.33, and by rule, any break above resistance is a buy signal. In this case, 233.89, 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 233.89, target 227.73, Stop Loss @ 234.57. Details

The technical summary data is suggesting a short of DG if it tests 233.89 with a downside target of 227.73. We should have a stop loss in place at 234.57 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, 233.89, 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 slightly over 233.89, target 234.68, Stop Loss @ 233.34 Details

If 233.89 begins to break higher, the technical summary data tells us to buy DG just slightly over 233.89, with an upside target of 234.68. The data also tells us to set a stop loss @ 233.34 in case the stock turns against the trade. 233.89 is the first level of resistance above 232.33, and by rule, any break above resistance is a buy signal. In this case, 233.89, 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 233.89, target 230.70, Stop Loss @ 234.44. Details

The technical summary data is suggesting a short of DG if it tests 233.89 with a downside target of 230.70. We should have a stop loss in place at 234.44 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, 233.89, 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 Ratings for May 16:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	204.63
P2	230.70	227.73	222.68
P3	234.68	233.89	240.98

Support and Resistance Plot Chart for DG

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