DG is a stock ticker for Dollar General Corporation, a retail chain in the United States. It is traded on the New York Stock Exchange (NYSE). Recently, the stock’s Average Directional Index (ADX) indicator crossed below the ADXR. This has occurred five times before and historically, the price increased in the next 30 days 60% of the time, with a median price movement of $7.76. The price increased in the next 90 days 60% of the time, with a median price movement of $8.95.
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The ADX indicator is a technical analysis tool used to measure the strength of a trend. It is based on the moving average of the difference between two exponential moving averages. The ADXR is a smoothed version of the ADX indicator and is used to confirm the trend’s strength. When the ADX crosses below the ADXR, it is generally an indication that the trend is weakening and the stock price is likely to decrease. For DG though, it has historically followed the inverse of the norm.
Investors should be aware that the ADX crossover is not a guarantee of an increase in the stock price.