Massive wedge?We'll have to take a look at their fundamentals to have a realistic idea of where this wedge will go.
I think quarterly financials will be the determinant.
Excellent opportunity in both directions.
Keep your eyes peeled!
0IC8 trade ideas
DLTR - earnings buy ideaToday DLTR gapping down around 7% and I see here a potential long opportunity.
I want the price to confirm 138 support and show bullish momentum.
First potential resist can be 50MA, but the price should break through easily.
If 50MA won't be a problem - first targets are: 143-146.
Dollar Tree ($DLTR) Faces Headwinds Despite Revenue GrowthDollar Tree ( NASDAQ:DLTR ) encountered a tumultuous start to the year as it grappled with missed earnings estimates and recorded significant charges, signaling challenges in its store closure plan. While the discount retail giant reported revenue growth, uncertainties loom amidst liabilities and a cautious outlook. Let's delve deeper into the implications of Dollar Tree's recent performance and what lies ahead.
Earnings Performance:
Despite a 25% increase in earnings to $2.55 per share and an 11.9% surge in revenue to $8.63 billion, Dollar Tree ( NASDAQ:DLTR ) fell short of analysts' expectations. Market projections anticipated earnings to reach $2.66 per share and revenue to hit $8.67 billion. Same-store sales across the business rose by 3%, primarily fueled by a robust 6.3% increase in comparable sales at Dollar Tree ( NASDAQ:DLTR ) outlets. However, this growth was tempered by a 1.2% decline in same-store sales at Family Dollar stores.
Store Closure Plan and Charges:
Dollar Tree ( NASDAQ:DLTR ) unveiled plans to close approximately 600 Family Dollar stores in the first half of 2024 as part of its portfolio optimization strategy. Additionally, it aims to shutter 370 Family Dollar locations and 30 Dollar Tree stores over the coming years. However, this restructuring incurred hefty charges, including a $594.4 million impairment charge linked to the store review, alongside significant goodwill and intangible asset impairment charges. These charges resulted in a substantial loss of $7.85 per share for the quarter, a stark contrast to the previous year's earnings of $2.04 per share.
Guidance and Outlook:
Looking ahead, Dollar Tree ( NASDAQ:DLTR ) provided guidance for fiscal 2024, projecting earnings between $6.70 to $7.30 per share, compared to the adjusted earnings of $5.89 per share in 2023. The retailer anticipates consolidated revenues to marginally increase to a range of $31 billion to $32 billion. Despite challenges in the first half of the year attributed to shrink and mix levels, Dollar Tree ( NASDAQ:DLTR ) remains optimistic about favorable freight rates and reduced SNAP benefits providing a boost throughout the year.
Technical Analysis
With a Relative Strength Index (RSI) of 63, ( NASDAQ:DLTR ) is poised to maintain its bullish momentum trading above the 200-day Moving Average indicates ( NASDAQ:DLTR ) is in a continual trend.
Market Response and Conclusion:
NASDAQ:DLTR stock witnessed a sharp decline of 7.8% following the earnings report, reflecting investor concerns over the company's performance and outlook. Despite this setback, Dollar Tree ( NASDAQ:DLTR ) had shown resilience earlier in the year, with a 5.4% gain through Tuesday's close, and a 0.46% gain in Wednesday's premarket trading.
DLTR and this week's EarningTicker and Sector Analysis: Examine sectors such as discount retail, luxury retail, apparel retail, packaged food, and tech (specifically cloud and security). Each sector will have its own set of market drivers and risks. For example, tech sectors may be more volatile but potentially offer higher growth, while food and apparel may offer stability but with lower growth prospects.
Earnings Date: All companies listed are reporting earnings on 11/29, except for a few. The concentration of reports on a single date can lead to increased market volatility, particularly within the sectors represented.
Beat vs. Miss Rates: Companies like SNOW with a high beat rate (91%) and a low miss rate (9%) may suggest a strong track record of performance or optimistic analyst projections, whereas a company like FTCH with a beat rate of 40% and a miss rate of 50% may indicate less predictability in performance.
Stock Price Evaluation: Comparing the stock price at the last earnings release with the current stock price can indicate market sentiment. For instance, if CRWD's current stock price of $210.66 is significantly higher than the price at the last earnings release ($149.18), this could suggest positive investor sentiment.
Earnings Expectations vs. Last Year’s Performance: Assessing the expected EPS and revenue against last year’s performance gives a sense of whether the company is growing. For example, ZS shows an expected increase in earnings compared to last year, which may be a sign of growth.
Trend and Market Expectation: Identifying the trend of whether companies are making more or less money gives a directional sense of performance. Coupled with market expectations, this can inform predictions on stock movements post-earnings release.
DLTR: A tale of 3 pivots on a recession stockMax down I see is 80-ish on volume profile, but it could very well hold this 10y support trendline and bounce to 140-ish. I've got some options on it both ways, waiting on confirmation. It was overbought 2020-2023 on the most advertised recession in history. But according to 2000 and 2008, it should be a great investment long term. DLTR also has better earnings and financials than DG, who has a similar chart.
DLTR drops after earnings follows the market down DLTR dropped on a mild earnings beat. It is now below a volume shelf at 128.
Indicators including the MACD suggest a reversal as bullish divergence is showing.
The mass index supports a reversal. On the dual time frame RSI, the low TF green line
is above the higher TF black line which is weaker. Overall, DLTR could retrace to 133
based on the Fib retracement tool However, I will not take this trade until price crosses
above the POC line. !33 will be the first target and 134.5 the second target being the mean
VWAP. I will take a call on options trade as well. I will only enter if the general market indices
appear to be upgoing which is a challenge given the upcoming Powell speech at Jackson Hole
If the market is down turning, the trade will be paused and reassessed at early next week.
DLTR reverses up on pre-earnings move LONGDLTR has earnings in 3-4 trading days. On the 30 minute chart it has been sideways
and maybe a little down for this past week which is par for the course given the
general market. In the last trading day, price bounced up from the lower of
the two Bollinger band set at 2.618 standard deviations below the mean basis
band. The ZL MACD lines are upgoing and crossed over the zero-line. The
ADX lines both negative direction and positive direction are flat and ad the zero
level. The BB Oscillator demonstrates the bounce at the Friday morning open.
I will take a long trade in DLTR in the next three days anticipating that trader
interest and a little greed will push the price higher. I may take a call option as
well. If you want to know which call I may have an interest in taking, please leave
a comment.
$DLTR is getting ready to be on the raise again. This is another Solify Play. Confident Level 10/10
NSE:DOLLAR Tree( NASDAQ:DLTR )
2hour Timeframe.
Confident Level 1)
We Formed A HIGH follow by High Low Follow by a Higher High.
Confident Level 2)
Touched the Trendline Twice Already. Waiting for the third one to form. This is where I believe another High-low will Form.
Confident Level 3)
We are above the 200,100 and 50 EMA/SMA
Confident Level 4)
RSI is not oversold yet so we wait. We have to wait until price touches the trendline(Blue Color). Then we check if Price is oversold using either the RSI or STOCH RSI.
DOLLAR TREE Stock Chart Fibonacci Analysis 040423 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 143/61.80%
DLTR Dollar Tree Buy ZoneLooking for it to drop into my buy zone but it could just as easily go up outta the Triangle, or is it a bullish pennant?! I know nothing but we shall see
Trade Idea: Buy Dollar Tree (DLTR)An idea I just posted to our client platform. To regularly receive trade ideas such as these, get in touch with me today.
Further notes on the chart.
TRADING LEVELS:
Entry: 155.9200
Target: 170.0000
Stop-loss: 144.1500
nice bounce off trendlineEveryone loves the dollar store during inflation, and the trendline bounce is perfect to buy.
Need one nice candle up and we are long.Not to mention inflation and people trying to save money, Dollar tree is the way to go. Nice trendline. Wait for the conformation.
#DLTR 2-2 reversal in monthly chart - Target 125$Hello dear Traders,
Here is my idea for #DLTR
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
$DLTR with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $DLTR after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 57.14%.
$DLTR long ideaHello dear Traders,
Here is my idea for #DLTR
Price closed above yellow/trigger line (previous month high)
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
DLTR | Long | 20 oct 2022DLTR withing upper range of the paralel channel. I think with bullish move can break upper band and continue to grow
TEXTBOOK $DLTR #SHORTTextbook $DLTR short. Massive consolidation with a large gap on either side. The consolidation broke down, retested the consolidation, and was rejected. Additionally, even with the cross-market rally, $DLTR did not move as much as other stocks that bounced from the market relief. Lastly, $DLTR is almost exclusively owned by institutions, the setup is textbook, and the gap down allows for a great risk-reward ratio from near-the-money options, making this play a high conviction trade.
$DLTR long ideaHello dear Traders,
Here is my idea for #DLTR
Daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-2 bullish reversal in the weekly chart - price found support at monthly pivot S2 Line
Momentum: Weekly UP, Monthly UP
Targets marked in the chart (black lines)
Invalidation level marked with red line
Please feel free to ask any question in comments. I will try to answer all! Thank you
DLTR BUY+++ Bounce to $152DLTR way oversold on many indicators, false bear flag should see a bounce back to $152 in coming weeks
DLTR OVERSOLD BUY+++++ added todayI added to my position around $136 today. We should see a bounce to $151-$154 range in coming 2 to 3 weeks. 70 $140 calls Sept 30th exp. Drop seems overdone considering EVERY company has been missing or withdrawing guidance, some go up, some go down. GL
