Dollar General stock: buy or sell

DG stock price: $206.21 -0.73% At close on Jan 22nd, 2021

Updated on:
Jan 25th, 2021

1

Dollar General stock brief

  • Dollar General closed last Friday at $206.21 after just moving a -0.73%.
  • Looking at the chart, price is drawing an scaled downtrend since last November with lower tops and lower bottoms. this downtrend marked a -8.29% loss(from its highs at $224.86).
  • 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?

Currently, Dollar General stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $DG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Dollar General stock?

How to know when is it time to sell Dollar General stock?. Much like when we have to buy shares, determining when is appropiate to sell is not a random decision, and we must follow our own trading style. We like very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for selling short Dollar General stock

A guiding principle is that you must never keep a trade that yields greater losses than those expected by the time of the buy. The moment to sell your stock should always be determined 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 hold Dollar General shares and your operation is in profit probably is not time to sell now

Dollar General ratings

In the previous month we couldn't find any rating for Dollar General

Dollar General stock analysis

Dollar General accumulates a price drop of -8.29% since its latest peak last November at $224.86. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 3 consecutive lower tops.

SMAs overview

DG stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $206.27 (0.03% above)
  • R2: $219.58 (6.48% above)
  • R3: $221.29 (7.31% above)
  • The current support levels are:

  • S1: $205.95 (-0.13% below)
  • S2: $205.79 (-0.20% below)
  • S3: $204.91 (-0.63% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 13, the price corrected downwards by 6.09%. Since the price broke down the lower band last Wednesday, the price bounced by 1.12%. The price is trading near to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy point, as price can move in these levels for many days and weeks

    DG stock Bollinger Bands chart

    Relative strength index

    When the moves for so long below 70 and above 30, without any indication of overvaluation and undervaluation, the indicator turns out to be of little use, and we are now in one of these situations.

    DG stock RSI chart

    Dollar General stock price history

    Dollar General went public on Nov 13th, 2009 at $20.60 per share1. Since then, DG stock has risen by 901.02%, with an average of 81.91% per year. An investment of $1,000USD on Nov 2009 would worth $10,010.19 today.

    1: Adjusted price after possible price splits or reverse-splits

    DG stock price history chart

    Price target for Dollar General stock

    Nobody can predict how much a share will be priced tomorrow. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.

    The following table shows the price forecasts published by brokerage institutions for the last 30 days. If you are a small trader you must not invest based on these projections.

    In the last 30 days we couldn't find any price target posted for Dollar General stock.

    Earnings and financials

    In early December, Dollar General ($DG) had the quarterly earnings call and posted the report. Dollar General topped analysts estimates and presented of $2.31, that is a 15.50% increase compared to the initial predictions of $2.00. However, reported revenues of $8.2 billion were in line with Wall St. predictions.

    Same quarter last year, reported EPS was $1.42, so current EPS means an increase of 62.68%. Looking at revenue, figures skyrocketed a 17.28% compared to $69.9B year over year.

    Dollar General ($DG) posts earnings report next March. Wall Street analysts forecast of $2.72, that is a 17.75% more than Q3.

    Dollar General performance

    DG performance compared
    Company1m3m6m
    Dollar General ($DG) -2.60% -5.60% 8.40%

    Disclaimer:
    The thoughts contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have an understanding of the individual conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for learning purposes only

    Dollar General summary

    Friday, January 22nd, 2021
    Open$207.72
    Close$206.21
    Day range$205.76 - $208.29
    Previous close$207.72
    Session gain-0.73%
    Average true range$6.09
    50d mov avg$211.75
    100d mov avg$210.66
    200d mov avg$198.40
    Earnings dateMarch 11th, 2021

    Frequently asked questions

    What is Dollar General stock symbol?

    Dollar General Corporation is a public company trading in the US stock market with the DG symbol

    Is Dollar General stock a buy or sell?

    Dollar General had no ratings in the last 4 weeks Read the article to get additional tips on trading DG stock.

    Will DG go up?

    There were no forecasts published by analysts in the last 4 weeks for Dollar General.