DOLLAR TREE INC. - Daily - Technical analysis published on 10/24/2019 (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
44%
17%
39%
My opinion
Bullish above 112.59 USD
My targets
116.35 USD (+0.23%)
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 112.59 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 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
7
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOLLAR TREE INC. price is 116.08 USD. On the day, this instrument lost -0.47% and was between 115.00 USD and 116.74 USD. This implies that the price is at +0.94% from its lowest and at -0.57% from its highest.115.00
116.74
116.08
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in Daily of this DOLLAR TREE INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 95.29 | 107.39 | 112.59 | 116.08 | 116.35 |
| Change (%) | -17.91% | -7.49% | -3.01% | - | +0.23% |
| Change | -20.79 | -8.69 | -3.49 | - | +0.27 |
| Level | Intermediate | Minor | Intermediate | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.80 | 114.16 | 115.39 | 116.75 | 117.98 | 119.34 | 120.57 |
| Camarilla | 115.92 | 116.16 | 116.39 | 116.63 | 116.87 | 117.11 | 117.34 |
| Woodie | 112.75 | 114.13 | 115.34 | 116.72 | 117.93 | 119.31 | 120.52 |
| Fibonacci | 114.16 | 115.15 | 115.76 | 116.75 | 117.74 | 118.35 | 119.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.15 | 113.54 | 115.26 | 116.65 | 118.37 | 119.76 | 121.48 |
| Camarilla | 116.13 | 116.41 | 116.70 | 116.98 | 117.27 | 117.55 | 117.84 |
| Woodie | 112.32 | 113.62 | 115.43 | 116.73 | 118.54 | 119.84 | 121.65 |
| Fibonacci | 113.54 | 114.73 | 115.46 | 116.65 | 117.84 | 118.57 | 119.76 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.92 | |
| MACD (12,26,9): | 2.0400 | |
| Directional Movement: | 8.98 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 117.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.74 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 112.36 | |
| Zig ZAG (10): | 116.06 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 70.08 | |
| TEMA (21): | 117.61 | |
| Williams %R (14): | -41.18 | |
| Chande Momentum Oscillator (20): | 3.58 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 5.92 |
| MA7: | 117.02 | |
| MA20: | 115.04 | |
| MA50: | 108.89 | |
| MA100: | 107.06 | |
| MAexp7: | 116.58 | |
| MAexp20: | 114.91 | |
| MAexp50: | 111.00 | |
| MAexp100: | 107.73 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | +6.60% | |
| Price / MA100: | +8.43% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | +1.02% | |
| Price / MAexp50: | +4.58% | |
| Price / MAexp100: | +7.75% |
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.
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