Dollar General stock: buy or sell
Updated on:
Jul 29th, 2021
2
Dollar General stock brief
- After reaching new highs on Wednesday, Dollar General closed at $230.06 just changing a -0.04%
- Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States.
Should I buy Dollar General stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $DG stock a buy?
In the current situation of Dollar General there is just one buy setup eligible:
Uptrend buy setup
Dollar General stock is in an uptrend since last March that so far has marked a gorgeous 33.00% gain. Price marked a local bottom in this uptrend at $195.38 last May, and since then it bounced up a 17.75%. Price just broke out above the buy point at $222.10, but it's still eligible. If price climbs beyond $233.21, don't chase the price and wait for the next pullback. If you decide to enter this trade, the suggested stop loss is at $199.89
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $222.10 | $199.89 | 10.00% |
Should I sell Dollar General stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the best moment to sell and get your benefits. Trading strategies let us to avoid impulsive decisions based on our personal emotions or the noise surrounding the market. We like very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups are not intended for selling short $DG stock
A golden rule is that you should not hold a trade that yields higher than expected losses by the time of the buy. When to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Dollar General stock?
Currently, Dollar General stock doesn't match any of our preferred sell setups, so if you own Dollar General stock and your operation is in profit probably is not time to sell now
Dollar General ratings
In the last month we couldn't find any rating for Dollar General
Dollar General stock analysis
Dollar General stock started an uptrend last March, and gained an amazing 33.13%. Rising tops and bottoms can be seen easily on a chart and how price action gave very few entry points on the breakouts. Latest pullback was last May, when price bounced at $195.38. On July 16, Dollar General broke out above its last top ($222.10) giving a good entry point
$DG at new Highs
Dollar General did it again, and hit all-time highs (ATH) on Wednesday at $231.39. Stock rallied fast in the last 2 weeks, smashing new all-time highs 5 times
SMAs overview
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current supports are:
Bollinger bands
Since the price surpassed the upper band on Tuesday, the price dropped by 0.51%. The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks
Relative strength index
Crossed up the 70 level Wednesday, marking a value of 74.91. The fact that the value is in the overbought zone does not in any way imply a sell signal, as shares can be in the overbought zone for many, many weeks and continue to rally
Dollar General stock price history
Dollar General started trading priced at an adjusted price1 of $20.52 on Nov 2009. Since then, DG stock has risen by 1,021.15%, with an average of 92.83% per year. If you had invested $1,000USD in Dollar General stock on Nov 2009, it would have a value of $11,211.50 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Dollar General stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
Along with buy or sell recommendations, financial institutions release their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial information by the company, and usually. Again, these forecasts are not direct recommendations for individual investors and should not be trusted blindly.
We don't have any target price published in the last month for Dollar General.
Earnings and financials
Financial event was hosted by Dollar General ($DG) last May after posting the earnings report. Dollar General reported earnings of $2.82 per share on sales of $8.4 billion. The Wall St estimate was $2.19 per share on revenue of $8.3 billion.
Compared to the same quarter last year, EPS was $2.56, so posted EPS is a gain of 10.16%. Looking at revenues, figures barely changed compared to $84.5B year over year.Dollar General ($DG) is posting financial report late next August. Analysts forecast of $2.55, that is a 9.57% less than Q1.
Dollar General performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Dollar General ($DG) | 7.10% | 8.20% | 16.10% |
Important:
The thoughts expressed in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have an understanding of the specific positions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for education motives onlyDollar General summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $229 |
| Close | $230.06 |
| Day range | $228.26 - $231.39 |
| Previous close | $230.15 |
| Session gain | -0.04% |
| Average true range | $3.16 |
| 50d mov avg | $213.14 |
| 100d mov avg | $208.92 |
| 200d mov avg | $207.96 |
| Earnings date | August 25th, 2021 |