Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Dollar Tree’s stock price (DLTR) rose mildly in the intraday levels while trading alongside the secondary short-term trend line, with negative signals from the RSI despite settling at oversold levels, while suffering negative pressure from trading below the 50-day SMA.
Therefore we expect the stock to return lower, targeting the first support at $115.90, provided the resistance of $124.70 holds on.
Trend forecast: Likely Bearish