DAKT - Political Decisions Influence Daktronics #DAKT and Investors Should Listen
No matter what industry we are talking about, #politics and policy changes can affect the #price of a #stock in that industry, and Daktronics (NASDAQ: DAKT) is not an exception. DAKT like every other company, it will experience ebbs and flows based on this type of news too, so it is important for us to pay attention. The good news is, Wall Street usually prices in events like this before they happen. The Stock Market is an exceptional forecasting tool, so if we pay attention to price we can often determine what will happen before it happens. That is exactly what we attempt to do using the price data below. This data changes over time, so we suggest updating the data for the most actionable results. For an update, please request Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Neutral | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 5.18 | |||
| P2 | |||
| 6.30 | |||
| 6.08 | |||
| 5.84 | |||
| P3 | |||
| 0 | |||
| 6.28 | |||
| 6.60 |
Long Term Trading Plans for DAKT
May 4, 2021, 6:15 am 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 5.84 with an upside target of 6.60. This data also tells us to set a stop loss @ 5.82 to protect against excessive loss in case the stock begins to move against the trade. 5.84 is the first level of support below 6.33 , and by rule, any test of support is a buy signal. In this case, support 5.84 is being tested, a buy signal would exist.
DAKT - (Short) Resistance Plan
The technical summary data is suggesting a short of DAKT as it gets near 6.60 with a downside target of 5.84. We should have a stop loss in place at 6.62though. 6.60 is the first level of resistance above 6.33, and by rule, any test of resistance is a short signal. In this case, if resistance 6.60 is being tested, a short signal would exist.