Dollar General Stock Technical Analysis

DG Stock  USD 155.75  3.80  2.50%   
As of the 18th of March 2024, Dollar General shows the Mean Deviation of 1.52, downside deviation of 2.21, and Coefficient Of Variation of 663.79. Dollar General technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Dollar General, which can be compared to its rivals. Please confirm Dollar General treynor ratio, and the relationship between the variance and potential upside to decide if Dollar General is priced favorably, providing market reflects its regular price of 155.75 per share. Given that Dollar General has jensen alpha of 0.1523, we urge you to verify Dollar General's prevailing market performance to make sure the company can sustain itself at a future point.

Dollar General Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Dollar, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Dollar
  
Dollar General's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Dollar General Analyst Consensus

Target PriceAdvice# of Analysts
135.65Buy31Odds
Dollar General current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Dollar analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Dollar stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Dollar General, talking to its executives and customers, or listening to Dollar conference calls.
Dollar Analyst Advice Details
Dollar General technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Dollar General technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dollar General trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Dollar General Technical Analysis

Indicator
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The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Dollar General volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Dollar General Trend Analysis

Use this graph to draw trend lines for Dollar General. You can use it to identify possible trend reversals for Dollar General as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Dollar General price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Dollar General Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Dollar General applied against its price change over selected period. The best fit line has a slop of   0.41  , which suggests that Dollar General will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 6204.93, which is the sum of squared deviations for the predicted Dollar General price change compared to its average price change.

About Dollar General Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Dollar General on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Dollar General based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Dollar General price pattern first instead of the macroeconomic environment surrounding Dollar General. By analyzing Dollar General's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Dollar General's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Dollar General specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2011 2019 2024 (projected)
Dividend Yield0.010.0095650.00563
Price To Sales Ratio0.961.361.42

Dollar General March 18, 2024 Technical Indicators

Most technical analysis of Dollar help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Dollar from various momentum indicators to cycle indicators. When you analyze Dollar charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Dollar General March 18, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Dollar stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Dollar General is a strong investment it is important to analyze Dollar General's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dollar General's future performance. For an informed investment choice regarding Dollar Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar General. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.
Note that the Dollar General information on this page should be used as a complementary analysis to other Dollar General's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for Dollar Stock analysis

When running Dollar General's price analysis, check to measure Dollar General's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dollar General is operating at the current time. Most of Dollar General's value examination focuses on studying past and present price action to predict the probability of Dollar General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dollar General's price. Additionally, you may evaluate how the addition of Dollar General to your portfolios can decrease your overall portfolio volatility.
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Is Dollar General's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dollar General. If investors know Dollar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dollar General listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.38)
Dividend Share
2.36
Earnings Share
8.69
Revenue Per Share
176.34
Quarterly Revenue Growth
(0.03)
The market value of Dollar General is measured differently than its book value, which is the value of Dollar that is recorded on the company's balance sheet. Investors also form their own opinion of Dollar General's value that differs from its market value or its book value, called intrinsic value, which is Dollar General's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dollar General's market value can be influenced by many factors that don't directly affect Dollar General's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dollar General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dollar General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dollar General's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.