The Greedy Trader Weekly Analysis
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Daily Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/10/2024 -
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llar Tree Inc. (DLTR) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal line
Daily :Broken trend resistance lineThe period of low volatility of the stock price
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It was a first positive week after 5 consecutive negative weeks for the llar Tree Inc. (DLTR). During the week, the DLTR climbed 0.31 points, or 0.26%, and closed at 121.04 on Friday, May 10, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -7% below average.

DLTR is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See DLTR long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 177.19 and reached 102.77 on October 3, 2023. DLTR lost 74.42 points, or 42.00%, in 75 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 92.99 and resistance is at 146.30. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See DLTR medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 102.77 and reached 151.22 on March 5, 2024. DLTR gained -48.45 points, or -47.14%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (155.46) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See DLTR weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 28, 2024. Use the following link to access a MACD help.

Short-term trend: [See DLTR short-term trend chart]
A short-term downtrend had started on March 5, 2024 at 151.22 and reached 116.56 on April 29, 2024. DLTR lost 34.66 points, or 22.92%, in 55 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (114.40) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See DLTR daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 2, 2024. The distance between MACD and the signal line is low, but getting bigger.

The distance between the Bollinger Bands is falling, and it was 6.01% on Friday. It is 61.93% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.57
Williams' Percentage Range (W%R) 69.40
Lane's Stochastic (%D-Slow) 60.83
Greed/Fear Indicator (GFI) 46.33
Moving Average Converg./Diverg. (MACD) -2.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.21
Williams' Percentage Range (W%R) 89.90
Oversold
Lane's Stochastic (%D-Slow) 8.14
Strong Oversold
Greed/Fear Indicator (GFI) 19.70
Oversold
Moving Average Converg./Diverg. (MACD) 0.22
Trading Signals
Description Value Chart
50 Day Moving Average 129.16
Upper Bollinger Band 125.97
20 Day Moving Average 121.31
Price 121.04
Daily Stochastic Crossing 120.84
Parabolic System 119.01
Lower Bollinger Band 118.69
Weekly Stochastic Crossing 117.91
Weekly Trendline Resistance 114.46
Weekly Trendline Support 114.40
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 2
Industry General Merchandise Stores 31
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 116.56
Low Date 04/29/2024
High 122.82
High Date 05/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 114.46
Support 114.40
High 151.22
High Date 03/05/2024
Low 116.56
Low Date 04/29/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 157.92
Support 155.46
Low 102.77
Low Date 10/03/2023
High 151.22
High Date 03/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 146.30
Support 92.99
High 177.19
High Date 04/21/2022
Low 102.77
Low Date 10/03/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 5.19
Low Date 03/22/2001
High 177.19
High Date 04/21/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.