DAKT - Timing Trades in Daktronics can be Risky if you Don't Have Discipline
Trading Daktronics (NASDAQ: DAKT) or any other stock for that matter requires a degree of disciple that not every investor has. Even those that have discipline often fail to adhere to those disciplines sometimes, and this can cause problems, but hopefully the guides below will help investors see exactly how to stick to it. The data we offer below for DAKT has been compiled in such as way as to demonstrate how to do this using a real-time example. 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 |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Strong | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 4.50 | |||
| P2 | |||
| 7.03 | |||
| 7.08 | |||
| 5.05 | |||
| P3 | |||
| 7.26 | |||
| 7.37 | |||
| 5.72 |
Long Term Trading Plans for DAKT
March 16, 2021, 4:30 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 5.72, 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 5.7 to protect against excessive loss in case the stock begins to move against the trade. 5.72 is the first level of support below 7.215, and by rule, any test of support is a buy signal. In this case, if support 5.72 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.