DOllAR GENEARL (DG) LONGPump it. I pulled my fib algo and looked at the trend/untested levels and went long in the box. Will take profits on way up. Longby DALE-JR0
Liquidity grabs on DG. Potential reversal?🔉Sound on!🔉 Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life! Long01:37by OptionsMastery224
Dollar General (DG) Upside PotentialA few months away from earnings, but getting close to mitigating June 2017 sell off.Longby IAmTheDisciplinedTrader6
Dollar General 32% CRASH Price Target $DGBullish price target: ~$100 Resistance. Bearish price targets: ~$80 > ~$67 > ~$55. - Based on Support, Resistance and Demand. - Dropdown Price Range aligns with ~$67 Support. Possible scenario: Finding support around $67 and going back up to $100 resistance. Timeframe months/years.by PenkeTrading3
DollarGeneral: $84 Waiting for buy back and turnoverkeep while Wallmart is making new highs this one is making fresh lows that is how it works money go round for sure this will have its day when it hits the bottom at sub $50 for the next come back for now we wait by senyor118
Dollar General ($DG) Plunges 29% on Economic Pressures Dollar General shares (NYSE: NYSE:DG ) took a dramatic 29% nosedive on Thursday, following a dismal earnings report that highlighted both external challenges and internal missteps. The discount retailer, which serves primarily rural and low-income communities, slashed its full-year sales and profit forecasts, underscoring the struggles of its core customer base in a tightening economic environment. But the challenges facing Dollar General are not solely external; a series of internal issues has also contributed to the retailer’s steep decline. Earnings Miss: A Dual Struggle with Customer Hardship and Operational Challenges Dollar General’s latest earnings report showed a disappointing performance, missing Wall Street expectations on both the top and bottom lines. For the second fiscal quarter, the company reported earnings per share of $1.70, falling short of the $1.79 anticipated by analysts. Revenue came in at $10.21 billion, also missing expectations of $10.37 billion. The company’s net income dropped to $374 million, or $1.70 per share, down from $469 million, or $2.13 per share, a year earlier, despite a 4.2% increase in sales year-over-year. CEO Todd Vasos acknowledged the impact of economic conditions on Dollar General's core customers, stating, “While we believe the softer sales trends are partially attributable to a core customer who feels financially constrained, we know the importance of controlling what we can control.” Yet, he admitted that the company must do more to improve its stores and manage its inventory better. Guidance Slashed: A Bleak Forecast for Fiscal 2024 The retailer’s outlook for fiscal 2024 reflects a cautious approach to the uncertain economic landscape. Dollar General now expects same-store sales to increase between just 1.0% and 1.6%, down from its previous estimate of 2% to 2.7%. The company also slashed its earnings per share forecast to a range of $5.50 to $6.20, from a prior range of $6.80 to $7.55. These cuts signal the company’s concerns over continued weakness in consumer spending and its ability to navigate the competitive pressures. The retailer's challenges are compounded by stiff competition from giants like Walmart and Target, which have been aggressively cutting prices and winning over budget-conscious shoppers. Even online platforms like Temu, run by China’s PDD Holdings, are offering low-cost alternatives to the non-essential items that have traditionally driven sales at Dollar General. Operational Shortcomings and Market Share Loss Beyond the macroeconomic pressures, Dollar General (NYSE: NYSE:DG ) is grappling with internal problems that have exacerbated its struggles. The company has acknowledged the need for better inventory management and store improvements to curb losses and boost customer experience. Analysts point to a lack of strategic agility in an increasingly competitive discount retail environment, where rivals like Dollar Tree, Walmart, and Target are capturing more of the price-sensitive market. Michael Montani, an analyst at Evercore ISI, highlighted the challenge Dollar General (NYSE: NYSE:DG ) faces in maintaining market share. "Dollar General's results show the challenge of maintaining market share with Walmart winning in a slower growth environment," Montani noted. Walmart and Target have recently raised their full-year profit forecasts, benefiting from price cuts that have attracted more customers. The Path Forward: Can Dollar General Turn It Around? While Dollar General’s situation appears grim, it’s not without hope. The company still managed to advance some of its operational goals and saw positive traffic growth, indicating that there is potential for recovery if the retailer can address its weaknesses. However, analysts remain cautious about the short-term outlook, especially given the current economic pressures on lower-income consumers and the intensifying competition. The retailer’s future depends heavily on its ability to execute a more refined strategy that includes better inventory management, store enhancements, and possibly more competitive pricing. Dollar General must find a way to regain its footing and convince both customers and investors that it can adapt to the shifting landscape. A Critical Moment for Dollar General Dollar General’s sharp decline reflects a broader story of economic strain and operational missteps. As its core customers feel the pinch of a challenging economy, and as competition heats up, the company finds itself at a critical crossroads. The path to recovery will not be easy, but with strategic adjustments and a focus on operational improvements, Dollar General (NYSE: NYSE:DG ) may yet find a way to bounce back in the fiercely competitive discount retail market. The coming months will be pivotal in determining whether the retailer can overcome its current challenges or if further difficulties lie ahead.Shortby DEXWireNews4
Dollar General drop Dollar General demoted to Dollar Lieutenant, shares drop 26%, marking the steepest intraday decline in its history. The CEO says core customers are "financially constrained."Shortby MegaTroy0
Dollar General | DG | Long at $90.00Dollar General NYSE:DG took a massive hit this morning after revising their future earnings guidance. The economy is showing many signs of a recession, and this is a clear warning. From a technical analysis perspective, it has retouched my "crash" simple moving average and may dip further into the $80's in the near-term. But, like many overall strong companies that suddenly plummet, I view this as a future opportunity given the strength of NYSE:DG as a business (holistically). Dollar General is the only grocery and home goods store around in many rural locations. So, while there is doom and gloom in the near-term, Dollar General is in a personal buy zone at $90.00. I view this as a starter position, though, with the potential for future declines/opportunities for additional share accumulation in the near-term. Target #1 = $100.00 Target #2 = $122.00 Target #3 = $200.00+ (very-long term outlook...)Longby NicksAnalysis559
DG: Sell ideaSell idea on DG as you can see on the chart because we have the breakout of the vwap and the support line.Shortby PAZINI192
A nice falling wedge pattern on DG! 🔉Sound on!🔉 Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life! Long03:08by OptionsMastery442
DG, Incoming series of Price Growth in order! SEED.MONTHLY DATA: HISTOGRAM WAVE (top indicator) Down shift (3rd one since inception) finally re-appeared after waiting eons. Buyers are now positioning at the current discounted price range. Last time a wave down shift appeared was 6 years ago on June 2017! This is a huge hint already to SEED on this stock. Price perfectly bounce on a 1.0 FIB LEVEL touch on monthly data. Support is solid at the current price range. Net positive Volume last few days keeps ascending surpassing average numbers. As of this writing volume has surged 10% Expected Earnings result will come on August 31 and it's expected to beat previous Q1 numbers by a significant %. TAYOR Spotted at 167.0 Safeguard capital always.Longby JSALUpdated 118
Downside in Dollar General?Dollar General fell sharply in 2023. Now, after a period of consolidation, some traders may see further downside. The first pattern on today’s chart is the large bearish engulfing candle on March 14, which occurred despite results beating estimates. The discount retailer stalled below that session’s high in April. This month, it stalled near the low. Has old support below new resistance? Second, the 200-day simple moving average (SMA) potentially marks a long-term downtrend by steadily falling across the chart. Prices are also stalling below the 50-day SMA and are back under the 21-day exponential moving average (EMA). That may reflect weakness over the long, intermediate and short terms. Third, stochastics are dipping from near an overbought condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation7
reversal head n shoulders on DG long position with a breakeout of head and shoulders reversal. NYSE:DG Longby TheAverageTrader2Updated 3
Dollar General (DG) heading lower5 Waves down, 3 waves up. Depending on the pattern, could go to 67$ or 43$Shortby shiftpark0
DG long positionhi traders, Let's take a look at DG on 15 minutes time frame. It looks like the price has confirmed the support around 148 $. The downsloping resistance line has been broken and the price may increase again. Bullish engulfing candle also looks promising for bulls. We expect the price increase . Stop loss can be placed below 148 $. Target 1: 155,15 target 2: 161,48Longby vf_investment111
incase you're here to make moneySet up 100000000 of a gap fill coming out of a clean base/reversal ..looks promising Longby Vogtna4
Dollar General Jan 28 2024 BUY SIDELooking at the chart best place to get in would be around $125.00 but it too late Current prce is $133. Gap fill is over $150.00 But I have a target of $146 for target 1 on a daily chart. There will be other targets on lower timeframes, but $146 is my target 1. YOU could try and start a postion at $133 and if it comes back to $125 buy the other half for target to $146 then $152 then see what happens there by brian.michael.399222
DG LongLooking at trend and volume combined with MA, support. I see a breakout forming that will take this much high in the short term and long term. Longby StayoA10
Elliott wave 5 wave correctionFinishing 4th wave of 5 wave counts. Gap fill slight above $100 that needs to be filled, could be an ABC correction from the $100 bottom. Price target $65-80Shortby jasonsilver0
$DG is in a bullish trendAfter hitting bottom at 101.09, it goes up to 61.8 fib lvl and rejects which is normal as the 61.8 fib lvl holds good. It finds support at 38.2 fib lvl. 38.2 fib lvl also holds good and we can see that it goes above 61.8 fib lvl after rebounding from 38.2 fib lvl. Same 61.8 fib lvl which was resistance before. After crossing 61.8, it's retesting support lvl at 130.83 which was resistance previously. I will target the next lvl at 78.6 ($145.82) with the trade play below...... Feb 16 150c for 1.56 or for lower cost, you can also play Feb 16 160c for .60 Size appropriately as the overall market can bring the stock down still. Longby jsingh0091
DG Descending channel breakout continuationDG (DOLLAR GENERAL) PRICE RECAP: DG has been on a selling spree since reaching its all time highs at 262.21. Along the way down, DG’s price began to trade into a channel where it finally broken out of following a bounce from the major support at 102.07 - 106.00. This area hadn’t been reached since December 2018, completing a 61.8% price retracement. Additionally, there were 2 large GAPS created on the way down at 179.15 - 200.67 and 139.44 - 154.58. After breaking out of the descending channel on the daily timeframe, price made a move towards the first GAP but rejected right at the GAP’s low. This rejection caused price to make a push down towards the previous intermediate support level. Price broke below this support then bounced off of the new uptrend support to reclaim the level and is now retesting this support again. I am now watching for DG to continue its move upward to retry filling the GAP above at 139.44 - 154.58. NOTE: The highs of this GAP is also a previous major support/resistance level. Also notice how the Jeanius Indicator gave buy confluence signals at the major support bounce area as well as the first swing low in the new uptrend where price seemed to have consolidated. TRADE IDEA: I plan to swing calls from here with a tight stop below the previous swing low, first targeting the low of the GAP above then ultimately the high of the GAP. In conjunction with the major downtrend resistance area. ADDITIONAL CONFLUENCES: - 61.8 % fib retraced - Bullish Engulfing at fib bounce level - Rising Volume - Monthly Pivot - Stock curling up reclaiming halfway - MACD showing sell weakness - RSI oversold bounce - Bolli Band reclaim - VRVP (Visible Range Volume Profile) bounce from POC (point control) … Displaying next available POC at 164.58. - Bouncing from CHOCH (Change of character point) Longby Stockstradamus_Updated 225
Immediate buy on DG. Thank you as always for tuning in to my technical analysis of $NYSE:DG. Please feel free to like, comment, and share! May God bless you and your family this upcoming week!Long02:48by OptionsMastery2
📈 #DG Looking to make a trend continuation! Hey guys, NYSE:DG has the following technical analysis indicators for more bullish upside. 1. Nice clean larger degree impulse 2. Longer in duration correction than the impulse going sideways 3. Lower degree impulse breaking out of larger degree trend line 4. Trend continuation Expanding flat structure breaking out for trend continuation confirmation I am looking to take profits at 2 different fib extension levels.Longby optimizedtrading1