Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Dollar General Corporation’s stock (DG) returned lower in the intraday levels, after the resistance of $139.80, amid the dominance of the downward correctional trend, while hurt by piercing the upward correctional trend line previously in the short term, with negative pressure from the 50-day SMA, after managing to vent off oversold saturation in the RSI.
Therefore we expect more losses for the stock, targeting the support of $128.75, provided it settles below $139.80.
Trend forecast: Bearish