How the (DAKT) price action is used to our Advantage
June 18, 2024, 19:02 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DAKT
- Buy DAKT slightly over 10.45 target 12.07 stop loss @ 10.42 Details
The technical summary data tells us to buy DAKT near 10.45 with an upside target of 12.07. This data also tells us to set a stop loss @ 10.42 to protect against excessive loss in case the stock begins to move against the trade. 10.45 is the first level of support below 10.99 , and by rule, any test of support is a buy signal. In this case, support 10.45 is being tested, a buy signal would exist.
- Short DAKT slightly under 12.07, target 10.45, stop loss @ 12.1 Details
The technical summary data is suggesting a short of DAKT as it gets near 12.07 with a downside target of 10.45. We should have a stop loss in place at 12.1though. 12.07 is the first level of resistance above 10.99, and by rule, any test of resistance is a short signal. In this case, if resistance 12.07 is being tested, a short signal would exist.
Swing Trading Plans for DAKT
- Buy DAKT slightly over 11.36, target 12.07, Stop Loss @ 11.33 Details
If 11.36 begins to break higher, the technical summary data tells us to buy DAKT just slightly over 11.36, with an upside target of 12.07. The data also tells us to set a stop loss @ 11.33 in case the stock turns against the trade. 11.36 is the first level of resistance above 10.99, and by rule, any break above resistance is a buy signal. In this case, 11.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DAKT slightly near 11.36, target 10.86, Stop Loss @ 11.39. Details
The technical summary data is suggesting a short of DAKT if it tests 11.36 with a downside target of 10.86. We should have a stop loss in place at 11.39 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 11.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DAKT
- Buy DAKT slightly over 11.36, target 12.07, Stop Loss @ 11.33 Details
If 11.36 begins to break higher, the technical summary data tells us to buy DAKT just slightly over 11.36, with an upside target of 12.07. The data also tells us to set a stop loss @ 11.33 in case the stock turns against the trade. 11.36 is the first level of resistance above 10.99, and by rule, any break above resistance is a buy signal. In this case, 11.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DAKT slightly near 11.36, target 10.89, Stop Loss @ 11.39. Details
The technical summary data is suggesting a short of DAKT if it tests 11.36 with a downside target of 10.89. We should have a stop loss in place at 11.39 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 11.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Daktronics Inc. (DAKT) available here: DAKT.
DAKT Ratings for June 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
9.02 |
| P2 |
10.57 |
10.86 |
10.45 |
| P3 |
10.89 |
11.36 |
12.07 |
AI Generated Signals for DAKT
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Daktronics Inc. (NASDAQ: DAKT) data table below can help you with price action, and we have more details too. Trading plans for DAKT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DAKT:
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