The Greedy Trader Weekly Analysis
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Parabolic SAR Crossover - Stock market timing signals.

The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.

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- 3/15/2024 -
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llar Tree Inc. (DLTR) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageBullish Piercing Line CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the llar Tree Inc. (DLTR). During the week, the DLTR dropped -20.49 points, or -13.85%, and closed at 127.42 on Friday, March 15, 2024. Weekly volume was 186% above average.

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 Broadening Descending Wedge chart pattern. The trend support level is at 95.53 and resistance is at 165.76. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge 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 (141.94) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DLTR may retest the broken support line. It is considered to be a resistance line now. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. 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 124.01 on March 14, 2024. DLTR lost 27.21 points, or 17.99%, in 9 days. The price is now at the 12.53% retracement level.

Daily Technical Indicators: [See DLTR daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since March 7, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See DLTR candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.31
Williams' Percentage Range (W%R) 97.50
Strong Oversold
Lane's Stochastic (%D-Slow) 31.38
Greed/Fear Indicator (GFI) 21.05
Moving Average Converg./Diverg. (MACD) 1.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.21
Williams' Percentage Range (W%R) 58.50
Lane's Stochastic (%D-Slow) 79.23
Greed/Fear Indicator (GFI) 56.46
Moving Average Converg./Diverg. (MACD) 1.82
Trading Signals
Description Value Chart
Upper Bollinger Band 156.04
Monthly Trendline Resistance 152.36
Parabolic System 149.23
Weekly Stochastic Crossing 145.58
20 Day Moving Average 144.20
Monthly Trendline Support 141.94
50 Day Moving Average 139.25
Daily Stochastic Crossing 130.51
Price 127.42
Lower Bollinger Band 126.29
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry General Merchandise Stores 76
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 150.74
High Date 03/12/2024
Low 124.01
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 151.22
High Date 03/05/2024
Low 124.01
Low Date 03/14/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 152.36
Support 141.94
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 Broadening Descending Wedge
Status Valid
Resistance 165.76
Support 95.53
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.