Buy Descartes Systems Group | NASDAQ DSGX | Naranj Capital

 BUY   Descartes Systems Group (NASDAQ: DSGX)

Descartes Systems Group (NASDAQ: DSGX) STOCK RECOMMENDATION

Idea BUY
Buy Range 101 – 103
Target 108 – 110
StopLoss* below 99
Duration 12-14 Trading Days
Potential Returns 6% – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 101 – 103 108 – 110 below 99 12-14 Trading Days 6% – 7%

* 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.

Descartes Systems Group (NASDAQ: DSGX) STOCK OVERVIEW

Descartes Systems Group Inc. offers cloud-based logistics and supply chain management solutions worldwide, including routing, mobile, telematics, transportation management, ecommerce, shipping, fulfillment, customs compliance, global trade intelligence, broker and forwarder enterprise systems, and B2B messaging and connectivity services. The company provides consulting, implementation, training, maintenance, and support services, serving transportation providers, logistics service providers, and distribution-intensive companies. Founded in 1981, the company is headquartered in Waterloo, Canada.

Stock Data
NASDAQ Symbol DSGX
Sectoral Index Technology
52 Weeks High 104.71
52 Weeks Low 69.59

Descartes Systems Group (NASDAQ: DSGX) - RELATIVE STRENGTH

DSGX-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Descartes Systems Group —     NASDAQ —

Descartes Systems Group (NASDAQ: DSGX) - DAILY TECHNICAL ANALYSIS

Descartes Systems Group (NASDAQ: DSGX) - Technical Analysis (Daily)
  • The stock experienced a consolidation period before breaking out and surging upwards.
  • A bullish Pole & Flag pattern appeared on the chart, signaling the continuation of the uptrend.
  • After the breakout, the stock price kept climbing, consistently reaching higher highs and lows.
  • The recent upside break of the parallel channel suggests that the stock could see further gains.

Descartes Systems Group (NASDAQ: DSGX) - RSI

Descartes Systems Group (NASDAQ: DSGX) - RSI
  • Current RSI of this stock is 74.33, which indicates the strength of buyers.

Descartes Systems Group (NASDAQ: DSGX) - MACD

Descartes Systems Group (NASDAQ: DSGX) - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Descartes Systems Group (NASDAQ: DSGX) - OBV

DSGX-OBV
Descartes Systems Group (NASDAQ: DSGX) - OBV
  • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

CONCLUSION - Descartes Systems Group (NASDAQ: DSGX) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Descartes Systems Group stock price target will be USD 108 – USD 110 in the next 12-14 trading sessions.

Descartes Systems Group (NASDAQ: DSGX) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  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 ofย 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 aย Certified Financial Technician (CFTe)ย 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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