Dunelm has not had the best last couple quarters but the stock is showing positive stability and indicators are suggesting neutrality.

From a technical outlook, this stock is currently trading at £7.52. Looking at the upside, any uptrend would hit the resistance level at £7.79 followed by a major resistance level at £8.15 (blue trendline). A break above the major resistance level could see the stock head back up towards the £8.70-£9 highs. Looking at the downside, first strong support base sits at £6.89 (upper red trendline) followed by major support at £6.59 (lower red trendline). A slip below the major support base could see the stock fall towards the start of the pandemic level of £5.90-£6. MACD is currently in a neutral position and RSI read 49, overall both indicators suggesting a neutral stance.