DG Forecast Up Through mid-MayMy first published idea on TradingView...let's see how the forecast does.
20230422 Forecast for Dollar General (DG).
Date and price target: 5/16/23 - 6/14/23: 240.00 (+8% from 218.22 on 4/21/23)
DGEN trade ideas
Dollar General to see an uptrend?Dollar General - 30d expiry - We look to Buy a break of 222.52 (stop at 216.52)
The primary trend remains bullish.
This stock has seen good sales growth.
Short term momentum is bullish.
A break of the recent high at 222.21 should result in a further move higher.
The bias is to break to the upside.
Our profit targets will be 237.52 and 240.52
Resistance: 222.21 / 227.00 / 232.00
Support: 218.00 / 212.50 / 210.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Channel DownDG has broken down from a Descending Triangle and appears to be in a channel down.
Targets 1,2 and 3 have been met.
Spinning top today/indecision
No recommendation.
EPS (FWD)
11.24
PE (FWD)
18.36
Div Rate (FWD)
$2.36
Yield (FWD)
1.14%
Short Interest
2.10%
Market Cap
$46.15B
Dollar General to breakdown?Dollar General - 30d expiry - We look to Sell a break of 212.47 (stop at 220.62)
Daily signals are bearish.
The sequence for trading is lower lows and highs.
A clear break of 215 and we would look for further losses to 200.
Our outlook is bearish.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 193.53 and 190.53
Resistance: 218.50 / 222.21 / 225.00
Support: 212.59 / 205.00 / 200.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
#DG bullish weekly reversal @ yearly pivot Hello dear Traders,
Here is my idea for #DG
Price closed above yellow line
Targets marked in the chart
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
$DG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 81.82%.
DG ShortIn sideway, near resistance
Trendline break + retest
Earning 8/25/2022 Estimate 2.90
Short 231
Stop 242
Target 185, 167
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Earnings 12-1 BMOLooks like a Rectangle with another support level inside that was tested today.
Possible small symmetrical triangle that is almost an ascending triangle with a flat top line, but not quite. There is a slow sloping down of the top trendline.
Long Legged Doji at support/ representing some indecision.
Earnings soon and it looks as if DG is expected to do well.
Tough to buy a security when earnings so close.
Short interest low at about 1.67%.
No recommendation.
Ascending Broadening WedgeThis is a neutral pattern.
If a trendline is broken then one could trade in that direction.
Or this could just get wider and wider like a megaphone.
No recommendation
DG | Long | 20 oct 2022I see huge upside potential for this stock. this stock was quiet strong when market was likely to fall. I think there could be bullish up moving
DG WeaknessLikely retracement trade setup.
Inverted Monthly MACD ; Pulling away from Pandemic ATH
From a fundamental standpoint, this industry is in a soft market in a soft market, consumers likely drawn back to other stores with the amount of deals to be seen going into the holiday season.
Target 205.14- 192.05 -by EOW -WK 1 of New Year
DG: breaking key reistance?A price action above 241.00 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further trend support above 245.00.
Crossing above the 248.00 resistance might target 255.50.
Crossing below 243.50 might be the first sign of pending weakness.
DG:Correction due?!Dollar General
Short Term - We look to Sell a break of 242.72 (stop at 250.70)
Following yesterday's bullish candle, the overall trend higher looks set to reverse today. Trading within the Channel formation. The bias is to break to the downside. A break of support at 244.00 should lead to a more aggressive move lower towards 220.00.
Our profit targets will be 220.05 and 204.00
Resistance: 256.00 / 265.00 / 280.00
Support: 220.00 / 204.00 / 184.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Retail leader $DG with tight baseDollar General is a huge discount retailer that plans to get even bigger.
After a nasty island reversal in May, NYSE:DG has recover very well. This tight action in price has caught my eye and today is making an inside bar with pivot buy at $256.10.
You can even say that is forming a cup & handle.
The bad thing is that it publishes earnings next week so, expect volatility. But, as the I like this base, I'll buy half a position and wait confirmation with a breakout above $262.50.
NASDAQ:DLTR is another retail leader that is making the same pattern.
Shorting DG I opened a short position in DG this morning and am sharing my basic plan. To me this seems obvious. DG is a value store though and if this is truly a recession, which I am not convinced of, would be the only reason this trade fails. Like anything manage risk but this seems obvious to me. Am adding more if it goes higher. Use SL you feel comfortable with. Just give it some room though. This is in serious need of correction.
Sorry this is a bit rushed but wanted to get it out as fast as possible.
DG Similar Formations Comparable periods in compatible colors
Price will extend to the upper white line and complete its last move to orange circle
$DG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 57.14%.
Dollar General (DG) LongMissed the Undercut and Rally on May 23 which also shows up like a short pipe bottom on the weekly. Hoping there's some gas left.
Symmetrical TriangleNeutral pattern until a trendline is broken with a confirmed trend in that direction.
Price appears to be consolidating right now so a move may come soon.
The longer term moving averages look good compared to most stocks in the market. These longer term averages lag price significantly.
The 50 DMA is over price and causing resistance today. It should be under price.
The shorter term moving averages in the Alligator indicator follow price more closely and they are in order, red on top, white and blue on bottom, but a bit on the flat side suggesting consolidation. They are not tangled.
Price needs to break the last high of the last leg up to avoid forming an ominous pattern.
I have found this particular triangle set up has not been kind to me in the past. From my experience they break to the downside more often than not. This particular triangle pattern is often a large one and is tacked on to the Side, not the bottom, of a significant move to the downside that has recovered ground to the upside. I guess we all have our set ups we like to trade. Time will tell.
DG should do well during a recession and I may be paranoid. )o:
The latest move down formed a double bottom which would be a critical area of support. The gap below is also critical re is also a gap below that may provide support.
I will watch for now.
You can measure the wide end of a triangle and project it up or down from the trendlines to get a guesstimate of where price may go. If it breaks down, then the measure would be from the top sloping trendline and projected downward and vice versa. There are more than one way folks measure triangle targets and you may have a different method. The white dotted lines represent this measurement.
No recommendation.
I guess it is through observation as well as trial and error that I learn the hard way.
DWEB Alignment tool and fractal box trends Everything based off symmetry and key time price alignments from DWEB.
See below and don't be surprised if you don't understand how I got it, just know that sometimes these trends and levels really capture the price moving forward. The more the price follows or fails the trends the more it becomes valid or invalid.
A SILENT BUILD WITH TRADE MANAGEMENT USING #DGHere I decided to quietly markup up the run Dollar General went on from Feb-Apr. I used the Daily Chart & this is purely form a Swing Trading perspective.
It was indeed beautiful. I actually was releasing a webinar in March and I included an options play on Dollar General when it was at 199. I signaled 207-220 calls, with overall upside potential to 240.
Dollar General over the next month or so, made a new ATH of 262!
A 32% increase in share price form the time I mentioned the trade.
If held, a lot of traders would have made well over 5 figures with this one swing trade alone.
#DG was in a downtrend from Jan-Feb before buyers stepped up. This video simply shows how to spot the trend reversal and use the prior "Bull Traps" and "Parabolic/Climatic" selloffs as your price targets on the way back up.
Trends whether up or down will ALWAYS show its hand before reversing. Your job as a trader is to spot that "tell tell sign".
If anyone needs help tweaking their trading systems, feel free to reach out. I have "Flash Courses" and I also offer strategy sessions.
DG at local trend resistance, lets see what happens targeting 242.15-247.1-252.05 if we break trend resistance, but a rejection can send us to 226.11/trend support
DG backside shortD trendline broke and early dead cat seen.
Risk prev high short for longer wave down from here
