Want to know the current price of Dollar General Corporation and what’s next for DG stock? On this page, we share the latest news about Dollar General Corporation and give advice on buying shares. You can also view the latest Dollar General Corporation Forecast for 2022 and 2023 from our experts.
Should you buy or sell Dollar General Corporation stock today? To what levels can the shares of this company rise in a year, two, three? How much will Dollar General Corporation be worth in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for DG stock, both up and down.
Dollar General Corporation Forecast for 2022 and 2023
Dollar General Corporation quotes continue to move within the correction and the bullish channel. Moving averages indicate a short-term bullish trend for DG stock. However, prices broke down the area between the signal lines, which indicates pressure from sellers of securities and a likely continuation of the fall in the near future. At the time of publication of the forecast, the share price is 222.67 per share. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the area of 200.55. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 285.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Dollar General Corporation quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option of raising the quotes of the value of the shares of Dollar General Corporation will be a fall and a breakdown of the level of 190.05. This will indicate a breakdown of the support area, in which case we can consider a continuation of the decline in securities to the area at the level of 140.55. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 260.55, which will indicate a breakdown of the upper limit of the rising channel.
Dollar General Corporation Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 200.55. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 285.05. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the DG rise option will be a fall and a breakdown of the level of 190.05. This will indicate a breakdown of the lower border of the channel and a continuation of the fall in value to the area below the level of 140.55.
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