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Buy Daktronics Incorporation | NASDAQ DAKT | Naranj Capital

SHORT TERM TRADING ADVICE IN USA

 BUY   Daktronics Incorporation (NASDAQ: DAKT)

Daktronics Incorporation (NASDAQ: DAKT) STOCK RECOMMENDATION

Idea BUY
Buy Range 18.3 – 19
Target 20.5 – 21
StopLoss* below 17.2
Duration 14-15 Trading Days
Potential Returns 9% – 11%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 18.3 – 19 20.5 – 21 below 17.2 14-15 Trading Days 9% – 11%

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

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Daktronics Incorporation (NASDAQ: DAKT) STOCK OVERVIEW

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.

Stock Data
NASDAQ Symbol DAKT
Sectoral Index Consumer Discretionary
52 Weeks High 19.89
52 Weeks Low 7.2

Daktronics Incorporation (NASDAQ: DAKT) - RELATIVE STRENGTH

DAKT - RELATIVE STRENGTH

Relative Performance - Last 1 Year

DAKT—     NASDAQ —

Daktronics Incorporation (NASDAQ: DAKT) - DAILY TECHNICAL ANALYSIS

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

Daktronics Incorporation (NASDAQ: DAKT) - RSI
  • Current RSI of this stock is 71.63, which indicates the strength of buyers.

Daktronics Incorporation (NASDAQ: DAKT) - MACD

DAKT - MACD
Daktronics Incorporation (NASDAQ: DAKT) - MACD
  • MACD line has crossed the signal line from the below, generates bullish signal.

Daktronics Incorporation (NASDAQ: DAKT) - ADX & DI

Daktronics Incorporation (NASDAQ: DAKT) - ADX & DI
  • 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.

CONCLUSION - Daktronics Incorporation (NASDAQ: DAKT) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Daktronics Incorporation stock price target will be USD 20.5 – USD 21 in the next 14-15 trading sessions.

Daktronics Incorporation (NASDAQ: DAKT) TRADINGVIEW POSITION UPDATE

Buy Daktronics Incorporation by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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