DOL Technical Analysis - DOLLARAMA INC

Technical Rating and Analysis

Taking everything into account, DOL scores 1 out of 10 in our technical rating. DOL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month DOL has a been trading in the 174.26 - 194.00 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When compared to the yearly performance of all other stocks, DOL outperforms 46% of them, which is more or less in line with the market.

DOL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DOL is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

DOL has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

161.36

199.00

2 important support areas can be observed.

A support zone ranging from 174.87 to 174.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @162.99 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 178.36 to 183.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 193.74 to 197.03. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for DOL.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DOL.CA is down.
ChartMill Relative Strength	46.43	NEUTRAL	DOL.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DOL.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DOL.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DOL.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	30.78	NEUTRAL	The RSI value for DOL.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.65	NEGATIVE	The MACD value suggests DOL.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	10.98	OVERSOLD	The low Stochastics value suggests DOL.CA may be oversold.
Average True Range in percent/ATR (20)	1.51	LOW VOLATILITY	The low ATR as a percentage value for DOL.CA suggests low volalility.
Average Directional Index/ADX (14)	30.2	POSITIVE	The high ADX value value for DOL.CA suggests a strong trend.