DAKTRONICS INC (DAKT) Stock Technical Analysis
NASDAQ:DAKT - Nasdaq - US2342641097 - Common Stock - Currency: USD
Overall DAKT gets a technical rating of 8 out of 10. Although DAKT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
DAKT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Looking at the yearly performance, DAKT did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
DAKT is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, DAKT did better than 50% of them.
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.
Besides having an excellent technical rating, DAKT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 16.61. Right above this resistance zone may be a good entry point.
More info and screens
11.69
17.49
We found 5 important support areas.
- A support zone ranging from 15.79 to 15.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.74 to 15.02. 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 @12.61 from a trend line in the weekly time frame.
- Support @11.81 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.61 to 16.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.32 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 | UP | POSITIVE | The long term trend for DAKT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAKT is up. |
| ChartMill Relative Strength | 77.15 | POSITIVE | DAKT has a high relative strength, it outperformed 77.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAKT is above the rising 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) | 54.4 | NEUTRAL | The RSI value for DAKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DAKT has a negative trend. |
| Stochastics (14,3) | 60.74 | NEUTRAL | The Stochastics value for DAKT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for DAKT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.08 | NEGATIVE | The low ADX value for DAKT suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.29 | 15.86 | 0.43 (2.62%) | 25.00% |
| An entry @16.29. This is a Buy Stop order right above the 10 day moving average. | An exit @15.86. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.43 points, which is 2.62%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DAKT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.92
-0.38 (-2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-2.36%
1 Week-1.24%
2 Weeks-5.8%
1 Month11.88%
3 Month28.28%
6 Month-4.33%
12 Month12.51%
2 Year121.42%
3 Year321.16%
5 Year281.78%
10 Year39.28%
15 Year86.85%
Volatility
ATR(14)0.57
ATR(20)%4.41%
ATR Inc-18.04%
Range Today0.57
ADR(20)0.69
ADR(20)%4.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.15
Mansfield0.09
10 Day High17.03
10 Day Low15.87
20 Day High17.03
20 Day Low13.3
52 Week High19.89
52 Week Low10.24
CS1 End15.91
CR1 Start16.61
Volume & EV
DER(3)-3.11%
DER(5)-3.33%
Volume294.90K
Volume Incr-53.22%
Vol(5)243.96K
Vol(50)498.03K