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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 5/2/2025 -
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llar Tree Inc. (DLTR) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought area
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It was a fourth consecutive positive week for the llar Tree Inc. (DLTR). During the week, the DLTR gained 3.72 points, or 4.62%, and closed at 84.29 on Friday, May 2, 2025. Weekly volume was -15% below average.

Long-term trend: [See DLTR long-term trend chart]
A long-term downtrend had started on March 5, 2024 at 151.22 and reached 60.49 on November 12, 2024. DLTR lost 90.73 points, or 60.00%, in 36 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (62.39) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DLTR may retest the broken resistance line. It is considered to be a support line now. 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 long-term trend.

Medium-term trend: [See DLTR medium-term trend chart]
A medium-term downtrend had started on February 20, 2025 at 79.80 and reached 61.80 on March 12, 2025. DLTR lost 18.00 points, or 22.56%, in 2 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The downtrend resistance line (61.95) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DLTR may retest the broken resistance line. It is considered to be a support line now. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 22, 2024. Use the following link to access a MACD help.

Short-term trend: [See DLTR short-term trend chart]
A short-term uptrend had started on March 12, 2025 at 61.80 and reached 85.55 on April 23, 2025. DLTR gained -23.75 points, or -38.43%, in 42 days. The price is now at the 5.31% retracement level.

Daily Technical Indicators: [See DLTR daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 21, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.89
Williams' Percentage Range (W%R) 11.30
Overbought
Lane's Stochastic (%D-Slow) 65.17
Greed/Fear Indicator (GFI) 76.59
Moving Average Converg./Diverg. (MACD) 2.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.80
Williams' Percentage Range (W%R) 11.30
Overbought
Lane's Stochastic (%D-Slow) 71.43
Greed/Fear Indicator (GFI) 71.50
Moving Average Converg./Diverg. (MACD) -3.69
Trading Signals
Description Value Chart
Upper Bollinger Band 88.11
Price 84.29
Daily Stochastic Crossing 83.19
Monthly Trendline Resistance 81.24
Weekly Stochastic Crossing 79.12
Parabolic System 78.58
20 Day Moving Average 76.99
50 Day Moving Average 72.66
Lower Bollinger Band 67.85
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 3
Industry General Merchandise Stores 99
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.87
Low Date 04/04/2025
High 85.55
High Date 04/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.80
Low Date 03/12/2025
High 85.55
High Date 04/23/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 81.24
Support 61.95
High 79.80
High Date 02/20/2025
Low 61.80
Low Date 03/12/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 64.98
Support 62.39
High 151.22
High Date 03/05/2024
Low 60.49
Low Date 11/12/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 177.19
High Date 04/21/2022
Low 60.49
Low Date 11/12/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.