DAKTRONICS INC (DAKT) Technical Analysis
NASDAQ:DAKT • US2342641097
Taking everything into account, DAKT scores 8 out of 10 in our technical rating. In the last year, DAKT was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month DAKT has a been trading in the 21.50 - 28.27 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Looking at the yearly performance, DAKT did better than 92% of all other stocks. We also observe that the gains produced by DAKT over the past year are nicely spread over this period.
- DAKT is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 76% of 124 stocks in the same industry.
- DAKT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DAKT is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although DAKT has an excellent technical rating, it does not present a decent entry opportunity 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
5 important support areas can be observed.
- Support @22.11 from a horizontal line in the daily time frame.
- A support zone ranging from 19.66 to 19.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.81 from a trend line in the daily time frame.
- Support @13.98 from a trend line in the weekly time frame.
- Support @11.81 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.00 to 23.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for DAKT is down. |
| ChartMill Relative Strength | 92.99 | POSITIVE | DAKT has a high relative strength, it outperformed 92.99% 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) | UP | MIXED | The current price of DAKT is below 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) | 39.47 | NEUTRAL | The RSI value for DAKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests DAKT has a negative trend. |
| Stochastics (14,3) | 13.54 | OVERSOLD | The low Stochastics value suggests DAKT may be oversold. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for DAKT suggests high volalility. |
| Average Directional Index/ADX (14) | 37.24 | POSITIVE | The high ADX value value for DAKT suggests a strong trend. |
DAKT Technicals: Chart, Performance Metrics, Trend & Indicators
22.99
+0.88 (+3.98%)
DAKTRONICS INC / DAKT FAQ
What is the technical rating for DAKT stock?
ChartMill assigns a technical rating of 8 / 10 to DAKT.
What is the trend direction for 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 39.4738. 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 22.11 and a resistance level at 23. Check the full technical report for our detailed analysis of DAKT support and resistance levels.