Dollar Tree Inc. | DLTR

Daily Technical Analysis of Dollar Tree Inc.

Dollar Tree is up a bit on the day, funds flowing in kept the price up 2.96% since yesterday. It looks like DLTR may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line DLTR is near a moderate horizontal resistance line. These areas typically mark where sellers have previously been at or buyers don't think the asset is worth more than this price. A resistance line like this could mark a reversal point. Or a good time to sell. Of course, if it breaks through the line there may be a burst of buying on the other side that pushes the price up. DLTR hasn't established a very clear directional momentum over the last few months. So it's not clear if it has the energy to break through or not.

If the price breaks through the resistance level it will probably move up to the $92.37 where it may meet further resistance. If the price does in fact bounce off here, it might find nearest support down at the $61.92 level, hard to say where it will go from there though.

Analyst Ratings for Dollar Tree By Price Target And Rating

The analysts are pretty neutral on Dollar Tree right now, so not much useful information here. The current Analysts Sentiment Score is 0.34. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Evercore ISI provided a price target decease of -1.39% to $142.00 from $144.00 on 2024-04-16. JPMorgan Chase & Co. provided a price target boost of 5.56% to $152.00 from $144.00 on 2024-04-15. On 2024-04-03 Gordon Haskett downgraded Dollar Tree from Buy to Hold and they lowered their price target by -6.67% to $140.00 from a previous target of $150.00. On 2024-03-14 Jefferies Financial Group lowered their price target by -1.54% to $128.00. Piper Sandler announced a lowering of their price target to $168.00 from $171.00 on 2024-03-14. Telsey Advisory Group reiterated a rating of Outperform on 2024-03-14 and provided a price target of $160.00. BMO Capital Markets provided a price target decease of -5.88% to $160.00 from $170.00 on 2024-03-14. Loop Capital decided to move down their price target on 2024-03-14 to $170.00 which is a -12.82% decrease. Truist Financial decided to move down their price target on 2024-03-14 to $147.00 which is a -1.34% decrease. Guggenheim boosted their price targ by 9.68% to $170.00 on 2024-03-05.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Dollar Tree

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Dollar Tree

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.