DOL Technical Analysis - DOLLARAMA INC

Technical Rating and Analysis

Overall DOL gets a technical rating of 4 out of 10. In the last year, DOL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

DOL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DOL is lagging the market slightly.

In the last month DOL has a been trading in the 181.80 - 198.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

When comparing the performance of all stocks over the past year, DOL turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.

Volume is considerably higher in the last couple of days.

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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 an average technical rating and the quality of the presented setup is also not ideal 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

159.10

199.00

2 important support areas can be observed.

A support zone ranging from 185.04 to 186.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @160.71 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 187.14 to 189.78. 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	UP	POSITIVE	The long term trend for DOL.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for DOL.CA is neutral.
ChartMill Relative Strength	64.44	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)	43.94	NEUTRAL	The RSI value for DOL.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.14	NEGATIVE	The MACD value suggests DOL.CA has a negative trend.
Stochastics (14,3)	36.91	NEUTRAL	The Stochastics value for DOL.CA is a neutral value.
Average True Range in percent/ATR (20)	1.91	LOW VOLATILITY	The low ATR as a percentage value for DOL.CA suggests low volalility.
Average Directional Index/ADX (14)	16.21	NEGATIVE	The low ADX value for DOL.CA suggests a weak or negative trend.