DOLLAR TREE INC. - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 112.56 USD
My targets
116.35 USD (+3.31%)
My analysis
DOLLAR TREE INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 112.56 USD. The next resistance located at 116.35 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOLLAR TREE INC. rating is 112.62 USD. The price registered a decrease of -2.68% on the session and was traded between 111.83 USD and 115.65 USD over the period. The price is currently at +0.71% from its lowest and -2.62% from its highest.111.83
115.65
112.62
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DOLLAR TREE INC. in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 95.29 | 107.39 | 112.56 | 112.62 | 116.35 |
| Change (%) | -15.39% | -4.64% | -0.05% | - | +3.31% |
| Change | -17.33 | -5.23 | -0.06 | - | +3.73 |
| Level | Intermediate | Intermediate | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.28 | 111.72 | 113.72 | 115.16 | 117.16 | 118.60 | 120.60 |
| Camarilla | 114.78 | 115.09 | 115.41 | 115.73 | 116.04 | 116.36 | 116.67 |
| Woodie | 110.57 | 111.86 | 114.01 | 115.30 | 117.45 | 118.74 | 120.89 |
| Fibonacci | 111.72 | 113.03 | 113.84 | 115.16 | 116.47 | 117.28 | 118.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.11 | 108.38 | 112.05 | 114.32 | 117.99 | 120.26 | 123.93 |
| Camarilla | 114.09 | 114.64 | 115.18 | 115.73 | 116.27 | 116.81 | 117.36 |
| Woodie | 106.82 | 108.73 | 112.76 | 114.67 | 118.70 | 120.61 | 124.64 |
| Fibonacci | 108.38 | 110.65 | 112.05 | 114.32 | 116.59 | 117.99 | 120.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.18 | 94.03 | 104.09 | 109.94 | 120.01 | 125.86 | 135.92 |
| Camarilla | 109.78 | 111.24 | 112.70 | 114.16 | 115.62 | 117.08 | 118.54 |
| Woodie | 90.29 | 95.08 | 106.20 | 111.00 | 122.12 | 126.91 | 138.03 |
| Fibonacci | 94.03 | 100.11 | 103.86 | 109.94 | 116.02 | 119.78 | 125.86 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.78 | |
| MACD (12,26,9): | 2.5600 | |
| Directional Movement: | 11.81 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 115.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 110.65 | |
| Elder Ray (13): | 0.99 | |
| Super Trend (3,10): | 107.55 | |
| Zig ZAG (10): | 112.68 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 60.78 | |
| TEMA (21): | 115.66 | |
| Williams %R (14): | -62.64 | |
| Chande Momentum Oscillator (20): | 0.98 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4300 | |
| Courbe Coppock: | 4.73 |
| MA7: | 113.73 | |
| MA20: | 112.50 | |
| MA50: | 103.62 | |
| MA100: | 104.92 | |
| MAexp7: | 113.48 | |
| MAexp20: | 111.42 | |
| MAexp50: | 107.62 | |
| MAexp100: | 105.29 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | +0.11% | |
| Price / MA50: | +8.69% | |
| Price / MA100: | +7.34% | |
| Price / MAexp7: | -0.76% | |
| Price / MAexp20: | +1.08% | |
| Price / MAexp50: | +4.65% | |
| Price / MAexp100: | +6.96% |
News
The last news published on DOLLAR TREE INC. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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