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$137.04 (1.64%)

Volume: 2M

Closed: Dec 03, 2021

Hollow Logo Score: 1.339

Dollar Tree Stock Forecast

$137.04 (1.64%)

Volume: 2M

Closed: Dec 03, 2021

Score Hollow Logo 1.339
Which way will DLTR go? Request
Stop-loss: $130.29 (-4.93%)
Key Stats
P/E Ratio 22.40
Beta 0.84
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 70 and the stock is currently not being overbought or oversold

Green day on Friday for Dollar Tree stock after gaining 1.64%
(Updated on Dec 03, 2021)


Buy or Hold candidate since 2021-11-05 Gain 24.58%

The Dollar Tree stock price gained 1.64% on the last trading day (Friday, 3rd Dec 2021), rising from $134.83 to $137.04. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.42% from a day low at $134.07 to a day high of $137.31. The price has risen in 6 of the last 10 days and is up by 2.08% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $301.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 57.11% during the next 3 months and, with a 90% probability hold a price between $197.26 and $238.74 at the end of this 3-month period.

Signals & Forecast

The Dollar Tree stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $138.20. On a fall, the stock will find some support from the long-term average at approximately $118.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -6.53%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

Dollar Tree finds support from accumulated volume at $133.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.24 between high and low, or 2.42%. For the last week, the stock has had a daily average volatility of 3.29%.

Our recommended stop-loss: $130.29 (-4.93%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Is Dollar Tree stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dollar Tree stock to perform well in the short-term.

Current score: 1.339

Predicted Opening Price for Dollar Tree of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$136.14 $137.04 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 29, 2021 "The Goldman Sachs Group" gave "" rating for DLTR. The price target was changed from $138.88 to 1.6%.

Volatility and Risk
Daily Average Volatility: 3.29 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.29 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $141.11
Price: $137.04
Support: $133.83

DLTR Insider Trading Show all Trades

INSIDER POWER

0.597

Last 100 transactions
Buy: 83 967 | Sell: 140 560 (Shares)
Date Action Amount Person Type
Nov 15, 2021 Sell 100 Old William A. Jr Common Stock
Nov 15, 2021 Sell 7 207 Old William A. Jr Common Stock
Nov 15, 2021 Sell 8 960 Old William A. Jr Common Stock
Oct 01, 2021 Buy 510 Lewis Lemuel E Phantom Stock
Oct 01, 2021 Buy 281 Naylor Jeffrey G Phantom Stock
Show all Insider Trades
INSIDER POWER

0.597

Last 100 transactions
Buy: 83 967 | Sell: 140 560 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 139.38 1.71 %
138.14 0.80 %
137.38 0.25 %
Current price: 137.04
Support 134.90 -1.56 %
134.14 -2.12 %
132.90 -3.02 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 146.61 6.98 %
144.71 5.60 %
141.11 2.97 %
Current price 137.04
Support 133.83 -2.34%
129.23 -5.70%
108.07 -21.14%

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About Dollar Tree

Dollar Tree Dollar Tree, Inc. operates discount retail stores in the United States and Canada. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise, ... Read more

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