llar Tree Inc. (DLTR)
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|It was a first positive week for the llar Tree Inc. (DLTR). During the week, the DLTR gained 1.96 points, or 2.00%, and closed at 100.15 on Friday, July 23, 2021. Weekly volume was -13% below average. |
DLTR is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought 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 uptrend had started on March 18, 2020 at 60.20 and reached 120.37 on April 6, 2021. DLTR gained -60.17 points, or -99.95%, in 54 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (124.01) 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 long-term trend.
Medium-term trend: [See DLTR medium-term trend chart]
A medium-term downtrend had started on April 6, 2021 at 120.37 and reached 97.18 on May 28, 2021. DLTR lost 23.19 points, or 19.27%, in 7 weeks. The price is now at the 12.81% retracement level.
Weekly Technical Indicators: [See DLTR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 May 7, 2021. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See DLTR short-term trend chart]
A short-term uptrend had started on July 19, 2021 at 97.40 and reached 100.62 on July 23, 2021. DLTR gained -3.22 points, or -3.31%, in 4 days. The price is now at the 14.60% retracement level.
Daily Technical Indicators: [See DLTR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since June 10, 2021. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (2.4%) is close to one year low (3.42%). It is 79.41% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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. Such crossover is considered a bearish signal. 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.