pool adsHow to Develop Investment Plans for Daktronics $DAKT
Investors in Daktronics (NASDAQ: DAKT) like to make good decisions, that means they like to buy and sell at the right times, and to do that the best tools involve charts, pivot points, and the technical data. Below, we have provided a snapshot for DAKT that reveals this information at the time of this article. The data can be used to improve the timing of buy and sell decisions. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Neutral |
| P1 | 0 | 0 | 4.28 |
| P2 | 5.93 | 5.63 | 4.76 |
| P3 | 6.16 | 5.99 | 5.33 |
Support and Resistance Plot Chart for DAKT
Long Term Trading Plans for DAKT
March 6, 2021, 7:00 pm ET
The Technical Summary and Trading Plans for DAKT help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DAKT Report.
DAKT - (Long) Support Plan
The technical summary data tells us to buy DAKT near 5.33, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 5.31 to protect against excessive loss in case the stock begins to move against the trade. 5.33 is the first level of support below 6.39, and by rule, any test of support is a buy signal. In this case, if support 5.33 is being tested, a buy signal would exist.
DAKT - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Blue = Current Price
Red= Resistance
Green = Support
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