Buy Daktronics Incorporation | NASDAQ DAKT | 9-11% gain | USA stock trading idea on 11 Dec 2024

Date

11 December 2024

Analysed By

Naranj Capital Research Desk

Stock Market

NASDAQ, United States of America

Stoploss reached. Trade closed.

DAKT

1 day

12 Dec 2024

11 Dec 2024

Loss per
100,000 USD

1 day

-6,011

Stop-loss

12 Dec 2024

17.2

Buy Advice

11 Dec 2024

18.3 - 19

Target 1

20.5

Target 2

Profit per
100,000 USD

-6,011

17.2

18.3 - 19

20.5

Short Term Stock Trading Advice in USA

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Daktronics Incorporation

18.3 - 19

20.5 - 21

Below 17.2

9% - 11%

14 - 15 Days

Buy Daktronics Incorporation

Buy
Range 18.3 - 19

Target 20.5 - 21

Stoploss Below 17.2

Upside
Potential 9% - 11%

Trade
Duration 14 - 15 Days

* Once the first target hit, reset the StopLoss at your buying price.

* Trade durations are approximate; actual holding period may vary.

Daktronics Incorporation (NASDAQ: DAKT) - Stock Overview

NASDAQ Code

Stock Name

Sector

52 Weeks High

52 Weeks Low

AGYS

Daktronics Incorporation

Consumer Discretionary

19.89

7.2

NASDAQ Code AGYS

Stock Name Daktronics Incorporation

Sector Consumer Discretionary

52 Weeks High 19.89

52 Weeks Low 7.2

Company profile

Daktronics, Inc. specializes in designing, manufacturing, and selling electronic scoreboards, programmable displays, and large video screens for sports, commercial, and transportation uses both in the U.S. and globally. The company operates in several segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. Its product range includes video displays, scoreboards, LED message signs, intelligent transportation systems, sound systems, digital billboards, and more. Additionally, it offers indoor messaging systems and software like Venus for managing display content. Products are sold through direct sales and resellers. Founded in 1968, Daktronics is based in Brookings, South Dakota.

Daktronics Incorporation (NASDAQ: DAKT) vs NASDAQ - Relative Strength Comparison

Relative Performance - Last 1 Year
DAKT — NASDAQ —

Daktronics Incorporation (NASDAQ: DAKT) - Technical Analysis (Daily)

Daktronics Incorporation - Technical Analysis chart on Daily Price and Volume

The stock price is clearly on an upward trajectory, consistently achieving higher highs and higher lows.
After breaking out from the rounding bottom pattern, the stock surged but then retraced and subsequently developed another Rounding Bottom pattern.
With the most recent breakout, the price is now trending upward.

Daktronics Incorporation (NASDAQ: DAKT) - RSI Indicator

Daktronics Incorporation stock analysis based on RSI indicator — Daktronics Incorporation - RSI indicator

Current RSI of this stock is 71.63, which indicates the strength of buyers.

Daktronics Incorporation (NASDAQ: DAKT) - ADX & DI Indicator

Daktronics Incorporation stock analysis based on ADX & DI indicator — Daktronics Incorporation - ADX & DI indicator

Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Daktronics Incorporation (NASDAQ: DAKT) - MACD Indicator

Daktronics Incorporation stock analysis based on MACD indicator — Daktronics Incorporation - MACD indicator

MACD line has crossed the signal line from the below, generates bullish signal.

Conclusion - Daktronics Incorporation (NASDAQ: DAKT) Stock Price Forecast

Based on our Swing Trading Advice for US Stocks, Daktronics Incorporation stock price target will be USD 20.5 - USD 21 in the next 14-15 trading sessions.