DAKTRONICS INC (DAKT) Technical Analysis
NASDAQ:DAKT • US2342641097
Current stock price
DAKT Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to DAKT. Although DAKT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month DAKT has a been trading in the 18.97 - 25.85 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, DAKT did better than 85% of all other stocks.
- DAKT is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 61% of 124 stocks in the same industry.
- DAKT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DAKT is lagging the market slightly.
DAKT Weekly and Daily overview Charts
DAKT Setup Rating and Analysis
The technical rating of DAKT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
DAKT Support and Resistance Analysis
11.69
3 important support areas can be observed.
- A support zone ranging from 19.10 to 19.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.75 from a trend line in the weekly time frame.
- Support @11.81 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @19.18 from a trend line in the daily time frame.
- A resistance zone ranging from 20.16 to 20.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.43 to 21.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
DAKT 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 | DOWN | NEGATIVE | The long term trend for DAKT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DAKT is down. |
| ChartMill Relative Strength | 85.27 | POSITIVE | DAKT has a high relative strength, it outperformed 85.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DAKT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DAKT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DAKT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.68 | NEUTRAL | The RSI value for DAKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests DAKT has a negative trend. |
| Stochastics (14,3) | 6.07 | OVERSOLD | The low Stochastics value suggests DAKT may be oversold. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for DAKT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.03 | POSITIVE | The high ADX value value for DAKT suggests a strong trend. |
DAKT Chart- and CandleStick Pattern Analysis
DAKT Technicals: Chart, Performance Metrics, Trend & Indicators
19.11
-0.14 (-0.73%)
DAKTRONICS INC / DAKT TA FAQ
What is the technical rating for DAKT stock?
ChartMill assigns a technical rating of 3 / 10 to DAKT.
What is the trend direction for DAKT stock?
The current trend direction for DAKTRONICS INC (DAKT) is Bearish.
Can you provide the RSI signal for DAKTRONICS INC?
DAKTRONICS INC (DAKT) has an RSI value of 32.6763. This indicates that the stock is currently neutral.
What is the short term momentum for DAKT stock?
The short term momentum for DAKTRONICS INC (DAKT) is negative.
What are the support and resistance levels for DAKTRONICS INC (DAKT) stock?
DAKTRONICS INC (DAKT) has a support level at 19.1 and a resistance level at 19.18. Check the full technical report for our detailed analysis of DAKT support and resistance levels.