DOLLAR TREE INC. - Daily - Technical analysis published on 11/25/2023 (GMT)
- 229
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 108.06 USD
My targets
123.04 USD (+4.87%)
135.62 USD (+15.60%)
My analysis
The current short-term bullish acceleration on DOLLAR TREE INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 108.06 USD. Short-term buyers will use the resistance located at 123.04 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 135.62 USD. Crossing this resistance would then open the door for buyers to target 146.61 USD. Caution, if there is a return to under 108.06 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOLLAR TREE INC. rating is 117.32 USD. The price has increased by +1.51% since the last closing and was traded between 115.03 USD and 117.64 USD over the period. The price is currently at +1.99% from its lowest and -0.27% from its highest.115.03
117.64
117.32
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DOLLAR TREE INC. in Daily shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 97.86 | 103.72 | 108.06 | 117.32 | 118.71 | 135.62 | 146.61 |
| Change (%) | -16.59% | -11.59% | -7.89% | - | +1.18% | +15.60% | +24.97% |
| Change | -19.46 | -13.60 | -9.26 | - | +1.39 | +18.30 | +29.29 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.08 | 114.05 | 115.69 | 116.66 | 118.30 | 119.27 | 120.91 |
| Camarilla | 116.60 | 116.84 | 117.08 | 117.32 | 117.56 | 117.80 | 118.04 |
| Woodie | 113.41 | 114.22 | 116.02 | 116.83 | 118.63 | 119.44 | 121.24 |
| Fibonacci | 114.05 | 115.05 | 115.67 | 116.66 | 117.66 | 118.28 | 119.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.18 | 113.33 | 115.33 | 116.48 | 118.48 | 119.63 | 121.63 |
| Camarilla | 116.45 | 116.74 | 117.03 | 117.32 | 117.61 | 117.90 | 118.19 |
| Woodie | 112.60 | 113.54 | 115.75 | 116.69 | 118.90 | 119.84 | 122.05 |
| Fibonacci | 113.33 | 114.54 | 115.28 | 116.48 | 117.69 | 118.43 | 119.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.82 | 96.80 | 103.94 | 109.92 | 117.06 | 123.04 | 130.18 |
| Camarilla | 107.48 | 108.69 | 109.89 | 111.09 | 112.29 | 113.50 | 114.70 |
| Woodie | 91.41 | 97.09 | 104.53 | 110.21 | 117.65 | 123.33 | 130.77 |
| Fibonacci | 96.80 | 101.81 | 104.91 | 109.92 | 114.93 | 118.03 | 123.04 |
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): | 58.05 | |
| MACD (12,26,9): | 1.2900 | |
| Directional Movement: | 7.34 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 115.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 110.80 | |
| Elder Ray (13): | 1.16 | |
| Super Trend (3,10): | 111.41 | |
| Zig ZAG (10): | 117.32 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 43.13 | |
| TEMA (21): | 117.65 | |
| Williams %R (14): | -47.37 | |
| Chande Momentum Oscillator (20): | 0.99 | |
| Repulse (5,40,3): | 2.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 5.46 |
| MA7: | 116.00 | |
| MA20: | 114.29 | |
| MA50: | 110.56 | |
| MA100: | 124.90 | |
| MAexp7: | 115.90 | |
| MAexp20: | 114.40 | |
| MAexp50: | 115.27 | |
| MAexp100: | 121.71 | |
| Price / MA7: | +1.14% | |
| Price / MA20: | +2.65% | |
| Price / MA50: | +6.11% | |
| Price / MA100: | -6.07% | |
| Price / MAexp7: | +1.23% | |
| Price / MAexp20: | +2.55% | |
| Price / MAexp50: | +1.78% | |
| Price / MAexp100: | -3.61% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
Don't forget to follow the news on DOLLAR TREE INC.. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DOLLAR TREE INC. - Daily