Overall DAKT gets a technical rating of 2 out of 10. In the last year, DAKT was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
DAKT has a poor technical rating and the quality of the setup is also not perfect 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.02 to 18.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.27 to 17.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.15 from a trend line in the weekly time frame.
- Support @11.81 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 18.66 to 19.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.39 to 20.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @20.90 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 | NEUTRAL | NEUTRAL | The short term trend for DAKT is neutral. |
| ChartMill Relative Strength | 35.04 | NEUTRAL | DAKT is not amongst the best or worst performers 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 | POSITIVE | The current price of DAKT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.1 | NEUTRAL | The RSI value for DAKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DAKT has a negative trend. |
| Stochastics (14,3) | 37.33 | NEUTRAL | The Stochastics value for DAKT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for DAKT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.46 | NEGATIVE | The low ADX value for DAKT suggests a weak or negative trend. |
18.52
-0.39 (-2.06%)
DAKTRONICS INC / DAKT FAQ
What is the technical rating for DAKT stock?
ChartMill assigns a technical rating of 2 / 10 to DAKT.
What is the current trend direction of DAKTRONICS INC (DAKT) stock?
The current trend direction for DAKTRONICS INC (DAKT) is Bullish.
Can you provide the RSI signal for DAKTRONICS INC?
DAKTRONICS INC (DAKT) has an RSI value of 47.1017. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DAKTRONICS INC?
The MACD indicator for DAKTRONICS INC (DAKT) has a value of -0.00366108, indicating a bearish trend.
Can you provide the short term momentum for DAKTRONICS INC?
The short term momentum for DAKTRONICS INC (DAKT) is neutral.