The stock price of Dollar General Corporation (DG) declined slightly in its latest intraday trading, as the stock attempts to gain positive momentum that may support a renewed upward move. The recent drop was supported by the 50-day SMA, with the short-term upward corrective trend still in control and the stock trading along its ascending trendline. Positive signals continue to appear from relative strength indicators after reaching deeply oversold levels.

Therefore we expect the stock price to rise in upcoming sessions, as long as the support level of $106.00 holds, targeting the key resistance level of $116.30.

Todays price forecast: Bullish.