DOLLAR TREE INC. - Daily - Technical analysis published on 07/17/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 89.88 USD
My targets
98.12 USD (+2.79%)
107.69 USD (+12.81%)
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 89.88 USD. The next resistance located at 98.12 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 107.69 USD. After this resistance, buyers could then target 112.71 USD. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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. rating is 95.46 USD. The price registered a decrease of -1.21% on the session and was between 95.41 USD and 96.91 USD. This implies that the price is at +0.05% from its lowest and at -1.50% from its highest.95.41
96.91
95.46
Here is a more detailed summary of the historical variations registered by DOLLAR TREE INC.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DOLLAR TREE INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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 over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 73.50 | 79.51 | 89.88 | 95.46 | 98.12 | 107.69 | 112.71 |
| Change (%) | -23.00% | -16.71% | -5.85% | - | +2.79% | +12.81% | +18.07% |
| Change | -21.96 | -15.95 | -5.58 | - | +2.66 | +12.23 | +17.25 |
| Level | Intermediate | Major | Major | - | Major | Minor | Intermediate |
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 | 92.62 | 94.37 | 95.50 | 97.25 | 98.38 | 100.13 | 101.26 |
| Camarilla | 95.84 | 96.10 | 96.37 | 96.63 | 96.89 | 97.16 | 97.42 |
| Woodie | 92.31 | 94.22 | 95.19 | 97.10 | 98.07 | 99.98 | 100.95 |
| Fibonacci | 94.37 | 95.47 | 96.15 | 97.25 | 98.35 | 99.03 | 100.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.53 | 85.74 | 88.81 | 92.02 | 95.09 | 98.30 | 101.37 |
| Camarilla | 90.14 | 90.72 | 91.29 | 91.87 | 92.45 | 93.02 | 93.60 |
| Woodie | 82.45 | 85.71 | 88.73 | 91.99 | 95.01 | 98.27 | 101.29 |
| Fibonacci | 85.74 | 88.14 | 89.62 | 92.02 | 94.42 | 95.90 | 98.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.49 | 78.50 | 85.59 | 92.60 | 99.69 | 106.70 | 113.79 |
| Camarilla | 88.80 | 90.10 | 91.39 | 92.68 | 93.97 | 95.27 | 96.56 |
| Woodie | 71.53 | 78.52 | 85.63 | 92.62 | 99.73 | 106.72 | 113.83 |
| Fibonacci | 78.50 | 83.89 | 87.21 | 92.60 | 97.99 | 101.31 | 106.70 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.09 | |
| MACD (12,26,9): | 1.6100 | |
| Directional Movement: | 13.28 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 94.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.42 | |
| Elder Ray (13): | 2.75 | |
| Super Trend (3,10): | 89.51 | |
| Zig ZAG (10): | 95.46 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 78.20 | |
| TEMA (21): | 94.61 | |
| Williams %R (14): | -35.26 | |
| Chande Momentum Oscillator (20): | 2.78 | |
| Repulse (5,40,3): | -1.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 5.33 |
| MA7: | 93.95 | |
| MA20: | 92.31 | |
| MA50: | 88.77 | |
| MA100: | 83.27 | |
| MAexp7: | 94.39 | |
| MAexp20: | 92.60 | |
| MAexp50: | 89.46 | |
| MAexp100: | 87.96 | |
| Price / MA7: | +1.61% | |
| Price / MA20: | +3.41% | |
| Price / MA50: | +7.54% | |
| Price / MA100: | +14.64% | |
| Price / MAexp7: | +1.13% | |
| Price / MAexp20: | +3.09% | |
| Price / MAexp50: | +6.71% | |
| Price / MAexp100: | +8.53% |
Quotes :
2020-07-17 19:59:59
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15 min delayed data
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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.
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