DLTR closes lower for the 2nd day in a row
Dollar Tree Inc. (DLTR) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, DLTR finished Thursday at 94.29 losing $0.20 (-0.21%) on low volume. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session.
Daily Candlestick Chart (DLTR as at May 17, 2018):
Thursday's trading range was $1.20 (1.27%), that's far below last trading month's daily average range of $1.96. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 93.70.
Dollar Tree shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.
As prices are trading close to May's high at 97.02, upside momentum could speed up should the stock mark new highs for the month.