DOLLAR TREE INC. - Daily - Technical analysis published on 07/05/2019 (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
33%
28%
39%
My opinion
Bullish above 103.84 USD
My targets
111.28 USD (+1.39%)
116.35 USD (+6.01%)
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 103.84 USD. The buyers” bullish objective is set at 111.28 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 116.35 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOLLAR TREE INC. rating is 109.75 USD. The price has increased by +0.61% since the last closing with the lowest point at 109.02 USD and the highest point at 110.43 USD. The deviation from the price is +0.67% for the low point and -0.62% for the high point.109.02
110.43
109.75
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOLLAR TREE INC.:
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 this Daily chart of DOLLAR TREE INC. indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 95.29 | 98.12 | 103.84 | 109.75 | 111.28 | 116.35 |
| Change (%) | -13.18% | -10.60% | -5.38% | - | +1.39% | +6.01% |
| Change | -14.46 | -11.63 | -5.91 | - | +1.53 | +6.60 |
| Level | Major | Major | Intermediate | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.77 | 106.85 | 107.96 | 109.04 | 110.15 | 111.23 | 112.34 |
| Camarilla | 108.48 | 108.68 | 108.88 | 109.08 | 109.28 | 109.48 | 109.68 |
| Woodie | 105.79 | 106.86 | 107.99 | 109.05 | 110.18 | 111.24 | 112.36 |
| Fibonacci | 106.85 | 107.68 | 108.20 | 109.04 | 109.87 | 110.39 | 111.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.06 | 102.32 | 104.86 | 109.11 | 111.65 | 115.91 | 118.44 |
| Camarilla | 105.52 | 106.14 | 106.77 | 107.39 | 108.01 | 108.64 | 109.26 |
| Woodie | 97.20 | 101.89 | 103.99 | 108.68 | 110.79 | 115.48 | 117.58 |
| Fibonacci | 102.32 | 104.92 | 106.52 | 109.11 | 111.71 | 113.31 | 115.91 |
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): | 57.55 | |
| MACD (12,26,9): | 1.6000 | |
| Directional Movement: | 4.07 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 110.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 111.47 | |
| Elder Ray (13): | 0.92 | |
| Super Trend (3,10): | 105.92 | |
| Zig ZAG (10): | 109.75 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 45.99 | |
| TEMA (21): | 110.86 | |
| Williams %R (14): | -53.35 | |
| Chande Momentum Oscillator (20): | 1.62 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 6.00 |
| MA7: | 108.92 | |
| MA20: | 108.37 | |
| MA50: | 105.35 | |
| MA100: | 103.53 | |
| MAexp7: | 109.30 | |
| MAexp20: | 107.95 | |
| MAexp50: | 105.69 | |
| MAexp100: | 102.85 | |
| Price / MA7: | +0.76% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +4.18% | |
| Price / MA100: | +6.01% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +1.67% | |
| Price / MAexp50: | +3.84% | |
| Price / MAexp100: | +6.71% |
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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