Dollar General Corporation’s stock price (DG) edged lower in latest intraday trading, and leaned on the pivotal support of $97.00, while seeking a bottom to bounce it higher anew, as it also tries to vent off overbought saturation in the Stochastic with negative signals emerging from it, amid the dominance of the upward correctional trend in the short term.
Therefore we expect the stock to rise and target the resistance of $106.00, provided the support of $97.00 holds on.
Today’s price forecast: Bullish
The price of (ETHUSD) settled low in its recent intraday trading, amid its attempts to gather the gains of its previous rises, and offloading some of its clear overbought condition on the (RSI), especially with the emergence of the negative signals from there, to lean on the support of its EMA50, forming a dynamic support that keeps the upside track of the price.
The price of (BTCUSD) rose slightly in its recent intraday trading, surrendered to the negative pressure after reaching the resistance of its EMA50, accompanied by retesting the critical resistance level at $106.550, amid the dominance of the bearish correctional trend on the short- term basis and its trading alongside a bias line, besides the emergence of the negative signals on the (RSI), after reaching overbought levels, which increases the negative pressure on the upcoming trading, especially that it suggest the beginning of forming negative divergence.
The price of (Brent) rose slightly in its recent intraday trading, after it succeeded in its previous trading in offloading its overbought condition that was clear on the (RSI), providing positive momentum that assisted it to achieve these slight gains, supported by its trading above its EMA50, which represents a dynamic support that assists the stability of the positive scenario.