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General Merchandise Stores Industry Stocks Technical Analysis - DLTRArchive
- 11/8/2024 -
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llar Tree Inc. (DLTR) Technical Analysis
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| Summary:
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| | It was the negative week for the llar Tree Inc. (DLTR). During the week, the DLTR dropped -4.61 points, or -6.97%, and closed at 61.51 on Friday, November 8, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was 111% above average.
DLTR is a member of General Merchandise Stores Industry. General Merchandise Stores is the fifth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DLTR long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 177.19 and reached 60.52 on November 6, 2024. DLTR lost 116.67 points, or 65.84%, in 132 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (84.92) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See DLTR medium-term trend chart]
A medium-term downtrend had started on September 19, 2024 at 76.98 and reached 60.52 on November 6, 2024. DLTR lost 16.46 points, or 21.38%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (61.14) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See DLTR weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See DLTR short-term trend chart]
A short-term downtrend had started on November 4, 2024 at 70.37 and reached 60.52 on November 6, 2024. DLTR lost 9.85 points, or 14.00%, in 2 days. The price is now at the 10.05% retracement level.
 Daily Technical Indicators: [See DLTR daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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