DAKTRONICS INC (DAKT) Stock Technical Analysis
NASDAQ:DAKT - Nasdaq - US2342641097 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to DAKT. In the past year, DAKT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, DAKT did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
DAKT is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 54% of 125 stocks in the same industry.
DAKT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DAKT is lagging the market.
In the last month DAKT has a been trading in the 13.04 - 16.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
DAKT has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
11.69
16.21
When analyzing the support we can see 6 important areas.
- Support @14.88 from a trend line in the weekly time frame.
- A support zone ranging from 13.99 to 14.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.69 from a horizontal line in the weekly time frame.
- Support @13.16 from a horizontal line in the daily time frame.
- Support @12.41 from a trend line in the weekly time frame.
- A support zone ranging from 11.81 to 11.87. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.39 to 15.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.05 from a horizontal line in the daily time frame.
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 DAKT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAKT is up. |
| ChartMill Relative Strength | 79.11 | POSITIVE | DAKT has a high relative strength, it outperformed 79.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DAKT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DAKT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DAKT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.33 | NEUTRAL | The RSI value for DAKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests DAKT has a positive trend. |
| Stochastics (14,3) | 65.94 | NEUTRAL | The Stochastics value for DAKT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for DAKT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.84 | NEUTRAL | The ADX value for DAKT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
15.03
+0.58 (+4.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg4.01%
1 Week5.62%
2 Weeks5.4%
1 Month-4.93%
3 Month24.83%
6 Month-11.33%
12 Month7.74%
2 Year134.84%
3 Year399.34%
5 Year245.52%
10 Year26.73%
15 Year100.4%
Volatility
ATR(14)0.59
ATR(20)%4.65%
ATR Inc320.41%
Range Today0.76
ADR(20)0.67
ADR(20)%4.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.11
Mansfield-0.19
10 Day High15.99
10 Day Low13.3
20 Day High16.02
20 Day Low13.05
52 Week High19.89
52 Week Low10.24
CS1 End14.88
CR1 Start15.39
Volume & EV
DER(3)-2.4%
DER(5)-0.7%
Volume789.20K
Volume Incr16.36%
Vol(5)729.10K
Vol(50)435.33K