|
|
|
|
General Merchandise Stores Industry Stocks Technical Analysis - DLTRArchive
- 4/26/2024 -
Sign In to see current Signals. |
llar Tree Inc. (DLTR) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the llar Tree Inc. (DLTR). During the week, the DLTR gave back -0.29 points, or -0.24%, and closed at 121.74 on Friday, April 26, 2024. Weekly volume was -25% below average.
 Long-term trend: [See DLTR long-term trend chart]
A long-term downtrend had started on July 22, 2022 at 175.68 and reached 102.77 on October 3, 2023. DLTR lost 72.91 points, or 41.50%, in 62 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 69.84 and resistance is at 148.29. 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 (152.00) 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 April 1, 2024 at 137.14 and reached 120.03 on April 25, 2024. DLTR lost 17.11 points, or 12.48%, in 24 days. The chart has formed a Falling Wedge chart pattern.
Daily Technical Indicators: [See DLTR daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
4 |
| Industry |
General Merchandise Stores |
48 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| High |
137.14 |
| High Date |
04/01/2024 |
| Low |
120.03 |
| Low Date |
04/25/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
151.22 |
| High Date |
03/05/2024 |
| Low |
120.03 |
| Low Date |
04/25/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
156.49 |
| Support |
152.00 |
| Low |
102.77 |
| Low Date |
10/03/2023 |
| High |
151.22 |
| High Date |
03/05/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
148.29 |
| Support |
69.84 |
| High |
175.68 |
| High Date |
07/22/2022 |
| 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 |
|
|