The Greedy Trader Weekly Analysis
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Quarterly Pattern:Broadening Ascending Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Broadening Formations

Broadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. They start with narrow fluctuations, and then widen out between diverging boundary lines. The pattern, where one of the boundary lines is horizontal, is referred to as a right-angled formation. Broadening formations usually mark the reversal when confirmed by other technical indicators.
Broadening formations Screening page presents a list of stocks forming Broadening formation Pattern.
Tips:
# 1
As a reversal formation, Broadening formation Pattern appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques.

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- 4/5/2024 -
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llar Tree Inc. (DLTR) Technical Analysis

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Summary:
Weekly :Broken trend support lineWeekly  MACD line has moved below its signal line
Daily :Daily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was the negative week for the llar Tree Inc. (DLTR). During the week, the DLTR dropped -2.44 points, or -1.83%, and closed at 130.71 on Friday, April 5, 2024. Weekly volume was 45% above 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 94.63 and resistance is at 165.42. 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 (146.80) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See DLTR weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 14, 2024 at 124.01 and reached 137.14 on April 1, 2024. DLTR gained -13.13 points, or -10.59%, in 18 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See DLTR daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.86
Williams' Percentage Range (W%R) 78.50
Lane's Stochastic (%D-Slow) 64.91
Greed/Fear Indicator (GFI) 48.10
Moving Average Converg./Diverg. (MACD) -2.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.88
Williams' Percentage Range (W%R) 54.60
Lane's Stochastic (%D-Slow) 42.48
Greed/Fear Indicator (GFI) 44.89
Moving Average Converg./Diverg. (MACD) 2.08
Trading Signals
Description Value Chart
Monthly Trendline Resistance 154.36
Upper Bollinger Band 148.64
Monthly Trendline Support 146.80
50 Day Moving Average 138.00
Parabolic System 135.35
Daily Stochastic Crossing 132.46
20 Day Moving Average 132.44
Weekly Stochastic Crossing 132.23
Price 130.71
Lower Bollinger Band 118.50
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry General Merchandise Stores 67
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 124.01
Low Date 03/14/2024
High 137.14
High Date 04/01/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 151.22
High Date 03/05/2024
Low 124.01
Low Date 03/14/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 154.36
Support 146.80
Low 102.77
Low Date 10/03/2023
High 151.22
High Date 03/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 165.42
Support 94.63
High 177.19
High Date 04/21/2022
Low 102.77
Low Date 10/03/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 5.19
Low Date 03/22/2001
High 177.19
High Date 04/21/2022
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.