Dollar Tree’s stock price (DLTR) rose mildly in the intraday levels while trading alongside the secondary short-term trend line, with negative signals from the RSI despite settling at oversold levels, while suffering negative pressure from trading below the 50-day SMA.

Therefore we expect the stock to return lower, targeting the first support at $115.90, provided the resistance of $124.70 holds on.

Trend forecast: Likely Bearish