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Advanced TA SearchArchive
- 4/19/2024 -
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llar Tree Inc. (DLTR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the llar Tree Inc. (DLTR). During the week, the DLTR dropped -3.16 points, or -2.52%, and closed at 122.03 on Friday, April 19, 2024. Weekly volume was -19% below average.
 Long-term trend: [See DLTR long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 177.19 and reached 102.77 on October 3, 2023. DLTR lost 74.42 points, or 42.00%, in 75 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 93.99 and resistance is at 165.18. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See DLTR medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 102.77 and reached 151.22 on March 5, 2024. DLTR gained -48.45 points, or -47.14%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (150.26) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DLTR may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See DLTR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 28, 2024. 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 April 1, 2024 at 137.14 and reached 121.55 on April 19, 2024. DLTR lost 15.59 points, or 11.37%, in 18 days. Price is near the trend low.
 Daily Technical Indicators: [See DLTR daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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