Dollar General Corp

DG is in a distribution phase with a bearish pivot point and recent EMA cross-down suggesting structural downside. Medium-term bias is bearish, confirmed by failed support and declining shorter EMAs. Short-term conditions remain unfavorable with price rejecting at the 9/20 EMA cluster and volume rising on down bars. We will sell now into the 125.7–126.6 resistance zone on rejection at the EMAs.

• ↑Q2 net sales reached $11.3 billion (+5.2% YoY), beating consensus.
• ↑EPS grew 33% YoY to $2.48, driven by operational efficiency.
• ↓Inflation and reduced SNAP benefits strain core customers’ budgets.