DOLLAR TREE INC. - 1H - Technical analysis published on 07/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 168.43 USD
My targets
171.70 USD (+1.36%)
174.08 USD (+2.76%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DOLLAR TREE INC. as long as the price remains well above 168.43 USD. The buyers' bullish objective is set at 171.70 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 174.08 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOLLAR TREE INC. price is 169.40 USD. The price registered a decrease of -0.06% on the session with the lowest point at 168.12 USD and the highest point at 171.03 USD. The deviation from the price is +0.76% for the low point and -0.95% for the high point.168.12
171.03
169.40
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DOLLAR TREE INC. in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 160.20 | 165.00 | 168.43 | 169.40 | 171.70 | 174.08 |
| Change (%) | -5.43% | -2.60% | -0.57% | - | +1.36% | +2.76% |
| Change | -9.20 | -4.40 | -0.97 | - | +2.30 | +4.68 |
| Level | Intermediate | 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 | 165.20 | 166.75 | 168.13 | 169.68 | 171.06 | 172.61 | 173.99 |
| Camarilla | 168.69 | 168.96 | 169.23 | 169.50 | 169.77 | 170.04 | 170.31 |
| Woodie | 165.11 | 166.71 | 168.04 | 169.64 | 170.97 | 172.57 | 173.90 |
| Fibonacci | 166.75 | 167.87 | 168.56 | 169.68 | 170.80 | 171.49 | 172.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 153.67 | 158.02 | 162.99 | 167.34 | 172.31 | 176.66 | 181.63 |
| Camarilla | 165.40 | 166.25 | 167.11 | 167.96 | 168.81 | 169.67 | 170.52 |
| Woodie | 153.98 | 158.18 | 163.30 | 167.50 | 172.62 | 176.82 | 181.94 |
| Fibonacci | 158.02 | 161.58 | 163.78 | 167.34 | 170.90 | 173.10 | 176.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.37 | 140.07 | 147.96 | 155.66 | 163.55 | 171.25 | 179.14 |
| Camarilla | 151.56 | 152.99 | 154.42 | 155.85 | 157.28 | 158.71 | 160.14 |
| Woodie | 132.47 | 140.12 | 148.06 | 155.71 | 163.65 | 171.30 | 179.24 |
| Fibonacci | 140.07 | 146.03 | 149.71 | 155.66 | 161.62 | 165.30 | 171.25 |
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): | 51.36 | |
| MACD (12,26,9): | 0.4900 | |
| Directional Movement: | -0.21 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 169.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 168.22 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 166.73 | |
| Zig ZAG (10): | 169.09 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 47.27 | |
| TEMA (21): | 169.54 | |
| Williams %R (14): | -60.43 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.54 |
| MA7: | 167.35 | |
| MA20: | 162.07 | |
| MA50: | 156.88 | |
| MA100: | 157.22 | |
| MAexp7: | 169.23 | |
| MAexp20: | 169.00 | |
| MAexp50: | 167.50 | |
| MAexp100: | 164.95 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | +4.52% | |
| Price / MA50: | +7.98% | |
| Price / MA100: | +7.75% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +1.13% | |
| Price / MAexp100: | +2.70% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on DOLLAR TREE INC. at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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