Dollar Tree stock: buy or sell
Jan 27th, 2021
Dollar Tree stock brief
- Dollar Tree stock only changed -0.63% to close at $105.70 on the stock market on Tuesday.
- The stock is configuring an uptrend pattern since September 2020, when it bottomed at $84.41. Up to date, shares marked a 25.22% profit since the beginning of this rally
- Dollar Tree, Inc. operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00.
Should I buy Dollar Tree stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $DLTR stock a buy?
In the current situation of Dollar Tree there is not any eligible buy setup. This doesn't mean we expect a selloff for $DLTR in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Dollar Tree stock?
"To sell or not to sell", if you are holding Dollar Tree stock?. In the same way as when we have to buy shares, choosing when is appropiate to sell is not a whimsical decision, and we must adhere our own trading style. When selling, as well as buying, detailed strategies are very simple to use but are only applicable for selling stocks in your porfolio, not for shorting $DLTR stock
As a rule of thumb, you must never mantain an open trade that results in higher than expected losses at the time of purchase. The timing to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Dollar Tree stock?
In the current situation of Dollar Tree there is not any eligible sell setup, so Dollar Tree stock holders with operations in green can keep their positions
Price lost SMA50 level
Dollar Tree shares' price gained 16.31% in a month during the time it was above the 50-d MA. Nonetheless that positive trend may have ended, or be showing evidences of exhaustion, by now that the price dropped below that moving average threshold on Monday. For medium-term investors who benefited from the gains during the time the price was over the average, this flag should be a heads up and a trigger to sell the shares and cash in on their profits
Dollar Tree ratings
We don't have any rating posted in the previous month for Dollar Tree
Dollar Tree stock analysis
Dollar Tree shares started an uptrend in September 2020, and gained a gorgeous 25.22%. During this uptrend, the price provided some entry points on the breakouts. Latest low was on January 4, when price bounced at $105.31. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $115.45 and $105.31
Supports and resistances
The current resistance levels are:
The current support levels are:
The price is moving very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy point, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in early December after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Tuesday was 41.24. Dollar Tree price sank a 5.58% since RSI lost the overbought zone
Dollar Tree stock price history
Dollar Tree IPO was on Mar 7th, 1995 priced at $1.12 per share1. Since then, DLTR stock has risen by 9,337.50%, with an average of 373.50% per year. If you had invested thousand dollars in Dollar Tree stock at that time, it would worth $94,375.00 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Dollar Tree stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts released by analysts in the last 30 days. Again, these targets are not direct recommendations for individual traders and must not be followed blindly.
We don't have any target price published in the last 4 weeks for Dollar Tree.
Earnings and financials
Last November, Dollar Tree ($DLTR) hosted the quarterly financial event and presented the report. Dollar Tree posted earnings of $1.39 per share on revenue of $6.2 billion. The market estimate was $1.15 per share on revenue of $6.1 billion.In contrast, the EPS for the same quarter last year was $1.08, so current EPS means a improvement of 28.70%. Looking at revenues, figures grew a 7.50% compared to $57.5B same quarter last year.
Dollar Tree ($DLTR) presents quarterly financial report next March. Estimated for this quarter is $2.11, compared to $1.39 that was reported for Q3.
Dollar Tree performance
|Dollar Tree ($DLTR)||-2.00%||11.40%||10.90%|
Disclaimer:The opinions expressed in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not know the specific circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for education reasons only
Dollar Tree summary
|Tuesday, January 26th, 2021|
|Day range||$104.94 - $106.78|
|Average true range||$3.53|
|50d mov avg||$107.58|
|100d mov avg||$99.70|
|200d mov avg||$94.63|
|Earnings date||March 3rd, 2021|