(DSGX) Long Term Investment Analysis

July 21, 2024, 01:42 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DSGX

• Buy DSGX slightly over 98.92 target 104.16 stop loss @ 98.63 Details

The technical summary data tells us to buy DSGX near 98.92 with an upside target of 104.16. This data also tells us to set a stop loss @ 98.63 to protect against excessive loss in case the stock begins to move against the trade. 98.92 is the first level of support below 99.41 , and by rule, any test of support is a buy signal. In this case, support 98.92 is being tested, a buy signal would exist.

• Short DSGX slightly under 104.16, target 98.92, stop loss @ 104.46 Details

The technical summary data is suggesting a short of DSGX as it gets near 104.16 with a downside target of 98.92. We should have a stop loss in place at 104.46though. 104.16 is the first level of resistance above 99.41, and by rule, any test of resistance is a short signal. In this case, if resistance 104.16 is being tested, a short signal would exist.

Swing Trading Plans for DSGX

• Buy DSGX slightly over 100.16, target 103.54, Stop Loss @ 99.87 Details

If 100.16 begins to break higher, the technical summary data tells us to buy DSGX just slightly over 100.16, with an upside target of 103.54. The data also tells us to set a stop loss @ 99.87 in case the stock turns against the trade. 100.16 is the first level of resistance above 99.41, and by rule, any break above resistance is a buy signal. In this case, 100.16, 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 DSGX slightly near 100.16, target 98.92, Stop Loss @ 100.45. Details

The technical summary data is suggesting a short of DSGX if it tests 100.16 with a downside target of 98.92. We should have a stop loss in place at 100.45 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, 100.16, 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 DSGX

• Buy DSGX slightly over 100.16, target 101.57, Stop Loss @ 99.93 Details

If 100.16 begins to break higher, the technical summary data tells us to buy DSGX just slightly over 100.16, with an upside target of 101.57. The data also tells us to set a stop loss @ 99.93 in case the stock turns against the trade. 100.16 is the first level of resistance above 99.41, and by rule, any break above resistance is a buy signal. In this case, 100.16, 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 DSGX slightly near 100.16, target 98.92, Stop Loss @ 100.39. Details

The technical summary data is suggesting a short of DSGX if it tests 100.16 with a downside target of 98.92. We should have a stop loss in place at 100.39 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, 100.16, 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 The Descartes Systems Group Inc. (DSGX) available here: DSGX.

DSGX Ratings for July 21:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	93.61
P2	98.26	100.16	98.92
P3	101.57	103.54	104.16

AI Generated Signals for DSGX

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Technically, The Descartes Systems Group Inc. (NASDAQ: DSGX) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DSGX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DSGX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DSGX too.  All of these are offered below the Summary Table.