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1DGX trade ideas

Dollar General $DG - Cash Secured Put Trade IdeaOn Wed Nov 22 2023 I entered a cash secured put trade on NYSE:DG I did this for several reasons: Price closed above the 50MA on daily candles. Price broke out of the horizontal support. Price closed above a medium/long term diaginal support. Moving averages are crossing over and sloping upwards. Price is oversold as the stock has fallen by approximately -62% from its October 2022 high. The stock volatility was at 94% giving th edge to option sellers, yet we are still 15 days away from NYSE:DG earnings. Earnings are another example why I think the price of my put will expire OTM and I will get to keep this inflated premium. You see the bar for NYSE:DG earnings as set by the analysts is pretty low, with the estimates of EPS: $1.197 and Revenue: $9.648B, both I believe could be low targets for NYSE:DG based on their historic and last quarter results. There is also an unfilled bullish gap from a technical perspective above the current price at around the $138.44-$157.60 level. I sold a DEC 15 $115 PUT for a premium of $2.95 per contract. My thoughts are that the contracts will expire worthless and that I will be able to keep the premium. If the volatility drops from the current levels I will realize my profits faster. Depending on how much profit gets captured from the option I might exit early before earnings and lock in profits without increasing my risk due to the upcoming earnings, as we know during earnings its a coin toss and anything can happen. This is my first post idea on TradingView, hope this was helpful for the readers. If so, follow me for more ideas on stock and option trading. Enjoy the weekend and good luck next week!
NYSE:DGLong
by Konstandinovic
2
DG can be good opportunity in the future!1) RSI indicator dropped approximately 25 level and it gives us oversold sign but it is not so reliable indicator if it is strong upper or down trend. But its 2 moving averages will cross each other nearly. For very reliable buy sign we have to wait those moving averages. 2) Momentum's resistance line has been broken but this can be unreliable resistance line because of slope of line. On the other hand, i applied SMA(8 period) on momentum and they crossed each other. It is buy sign. 3) I applied WMA(14 period) on CCI indicator and they have crossed each other and it is buy sign but we have to wait at the end of this month. 4) On DMI indicator ADX(Red line) and -DI(Orange line) are closing each other. 5) MACD has red light bar. Down trend is losing its power. It can be reversal of trend.
NYSE:DG
by Emirhanhmc
Downside in Dollar General?Discount retailers like Dollar General have struggled all year. Now, after a drop and rebound, sellers may return to the name. The first pattern on today’s chart is the series of lower highs since May, which have produced a falling trendline. DG is now back at this line. Will the downtrend reassert itself? Prices are also near the 50-day simple moving average. Third, stochastics are dipping from an overbought condition. Finally, consider the high-volume sessions on June 1, August 31 and October 13. The first two were bearish gaps after results and guidance missed estimates. The second was a countertrend bounce after Todd Vasos returned as CEO. While he may engineer a turnaround over the longer-term, the weak fundamentals and bearish momentum could remain dominant into yearend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:DG
by TradeStation
DG Daily Levels Match Up Almost Perfectly with Fibonacci LevelsDG Replay of DG's Price Movement & Volume -13 October 2023 Dollar General (DG) gapped up and was up 9.16% on the day. DG's volume was nearly 3 x's the amount it was over the last 2.5 weeks. Daily Levels & Fibonacci Levels *The .38 retracement level on the daily is in confluence with the 116 daily level on the chart. The .50 fibonacci retracement level aligns with the 120 daily level. Also, the .618 (the reversal fib retracement level), is in confluence with the 124.85 daily level. I like when I see levels line up nearly perfectly with fib retracement levels 😃
NYSE:DG
by MrALtrades00
1
Dollar General (DG) | Short-term OpportunityHi, A leading American discount retailer, Dollar General operates over 19,000 stores in 47 states, selling branded and private-label products across a wide variety of categories. In fiscal 2022, 80% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 11% from seasonal merchandise (such as toys, greeting cards, decorations, and gardening supplies), 6% from home products (for example, kitchen supplies, small appliances, and cookware), and 3% from apparel. Stores average roughly 7,500 square feet, and about 75% of Dollar General locations are in towns of 20,000 or fewer people. The firm emphasizes value, with most of its items sold at everyday low prices of $5 or less. Technically speaking it has reached inside an interesting area. A few criteria matching with each other and probably it is worth to take a shot, from the shown box - $90 to $119, should be technically okay. Criteria are simple: 1. The long trendline 2. All-time Fibo level 62% 3. The round number, psychological number, $100 Target around $140 - $150 Good luck, Vaido
NYSE:DGLong
by VaidoVeek
5
NYSE-DG - waiting for a buy signal und price growthThe last signal to exit by stop from the long position on this strategy was given September 15. The price of the asset at the time of closing the position was 120.3. As you can see, the asset price fell even more after removing the other players stop loss orders from the previous price range. This is a rather manipulative situation, but this is a special case. Now we definitely have a good advantage over other players and we are waiting for the next buy signal in the near future. And if we look back, what are we observing then several Long signals in a row - closed by stop-loss order and this gives a great probability of the descending trend reversal. In addition, at the entrance to the purchase, we have already had a great advantage over a huge number of investors. And now let's move on to the most important part, statistics. What do we see from the results The total income on strategy we have 237.13%. The percentage of profitable trades is not so important to us, since the general profit is satisfactory. The profit factor equals 4.853 and this is an excellent result. And all the closed trades in our strategy are 7.
NYSE:DGLong
by brandlabelden
1
Earnings MissWatching but this is a bad candle on the gap down. It could drop a bit more if it breaks the support line which is not far away. A Marubozo is a type of candlestick charting formation that indicates a security's price did not trade beyond the range of the opening and closing price. It is a candlestick pattern that lacks a shadow on the top and the bottom of the candle body. No recommendation. Popular stock with an ominous gap down candle can mean hold your horses. Waiting can be difficult )o:
NYSE:DG
by lauralea
1
Dollar general to close its gap?Dollar General - 30d expiry - We look to Buy a break of 139.44 (stop at 133.04) We have a Gap open at 31/8/23 from 157.66 to 128.62. In our opinion this stock is undervalued. A higher correction is expected. A break of the recent high at 139.12 should result in a further move higher. Offers ample risk/reward to buy at the market. Our profit targets will be 155.44 and 159.44 Resistance: 128.00 / 139.12 / 152.00 Support: 127.16 / 125.00 / 120.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NYSE:DGLong
by VantageMarkets
Dollar General to close it's gap?Dollar General - 30d expiry - We look to Buy a break of 173.33 (stop at 167.33) We are trading at oversold extremes. In our opinion this stock is undervalued. We have a Gap open at 01/06/2023 from 201 to 179. The bias is to break to the upside. 173.09 has been pivotal. A break of the recent high at 173.09 should result in a further move higher. Our profit targets will be 188.33 and 191.33 Resistance: 173.09 / 179.20 / 200.00 Support: 166.00 / 161.00 / 155.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:DGLong
by VantageMarkets
Dollar General has more downside and reversal zone identifiedThis idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of the distribution ranges. We can see a complex distribution range existing of 2 different types of distribution patterns at the top. The yellow range is based on Wyckoff's distribution schematic 1 and the white range is showing a type 2 distribution schematic. If we take count the ranges separately, this yields a potential reversal zone between 108.50 and 89.50 dollar per share. All other information is on the chart. Good luck, NQDecipher
NYSE:DGShort
by NQunlocked
DG has broken its downward trend, showing upward potential.DG recently broke through its downward trend and touched its support line to bounce off upwardly. DG has an inverse trend to the market due to its budget focused audience. During poor economies DG should rise. DG sold off quiet a bit as traders became optimistic about the markets conditions in early 2023 Lately new fears of recession are forming making DG a safer bet over tech sector. DG currently in the low end of its cycle make it good choice for upward momentum
NYSE:DGLong
by ratchet-mint
1
Dollar General (DG) a recession stock is Trending UpDG had a swing low in mid-March. While it has retraced well, it is still 15% below the YTD high On the 2H chart, the retracement uptrend is accompanied by a persistent volume of about 2X that of March and before. I am supposing that with an early or light recession underway, value sensitive consumers are delivering DG more revenue from its retail operations and will continue to do so. The zero-lag MACD is showing a buy signal; I will take a long position and watch for signs of overextension or loss of directional strength as an exit in due time.
NYSE:DGLong
by AwesomeAvani
Dollar General to see an uptrend?Dollar General - 30d expiry - We look to Buy a break of 222.52 (stop at 216.52) The primary trend remains bullish. This stock has seen good sales growth. Short term momentum is bullish. A break of the recent high at 222.21 should result in a further move higher. The bias is to break to the upside. Our profit targets will be 237.52 and 240.52 Resistance: 222.21 / 227.00 / 232.00 Support: 218.00 / 212.50 / 210.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:DGLong
by VantageMarkets