Dollar Tree Stores DLTR Trading Report

August 16, 2021, 21:00 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Technically, Dollar Tree Stores (NASDAQ: DLTR) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DLTR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DLTR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DLTR too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for DLTR

• Buy DLTR slightly over 100.55 target 109.23 stop loss @ 100.26 Details

The technical summary data tells us to buy DLTR near 100.55 with an upside target of 109.23. This data also tells us to set a stop loss @ 100.26 to protect against excessive loss in case the stock begins to move against the trade. 100.55 is the first level of support below 102.29 , and by rule, any test of support is a buy signal. In this case, support 100.55 would be being tested, so a buy signal would exist.

• Short DLTR under 109.23, target 100.55, stop loss @ 109.55 Details

The technical summary data is suggesting a short of DLTR as it gets near 109.23 with a downside target of 100.55. We should have a stop loss in place at 109.55though. 109.23 is the first level of resistance above 102.29, and by rule, any test of resistance is a short signal. In this case, if resistance 109.23 is being tested, so a short signal would exist.

Swing Trading Plans for DLTR

• Buy DLTR slightly over 103.03, target 109.23, Stop Loss @ 102.73 Details

If 103.03 begins to break higher, the technical summary data tells us to buy DLTR just slightly over 103.03, with an upside target of 109.23. The data also tells us to set a stop loss @ 102.73 in case the stock turns against the trade. 103.03 is the first level of resistance above 102.29, and by rule, any break above resistance is a buy signal. In this case, 103.03, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short DLTR near 103.03, target 100.55, Stop Loss @ 103.33. Details

The technical summary data is suggesting a short of DLTR if it tests 103.03 with a downside target of 100.55. We should have a stop loss in place at 103.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 103.03, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DLTR

• Buy DLTR slightly over 103.03, target 109.23, Stop Loss @ 102.79 Details

If 103.03 begins to break higher, the technical summary data tells us to buy DLTR just slightly over 103.03, with an upside target of 109.23. The data also tells us to set a stop loss @ 102.79 in case the stock turns against the trade. 103.03 is the first level of resistance above 102.29, and by rule, any break above resistance is a buy signal. In this case, 103.03, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short DLTR near 103.03, target 101.35, Stop Loss @ 103.27. Details

The technical summary data is suggesting a short of DLTR if it tests 103.03 with a downside target of 101.35. We should have a stop loss in place at 103.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 103.03, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

DLTR Ratings for August 16:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	100.55
P2	101.35	100.34	109.23
P3	102.93	103.03	118.52

Support and Resistance Plot Chart for DLTR

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