Buy Descartes Systems Group | NASDAQ – DSGX | Short Term Trading Advice | Technology Sector | 17th Jul 2024 | Expected Gain 6% – 7%

Date

17 July 2024

Analysed By

Arijit Banerjee

Stock Market

NASDAQ, United States of America

Stoploss reached. Trade closed.

NASDAQ DSGX

13 days

2 Aug 2024

17 Jul 2024

Loss per
100,000 USD

13 days

-1,980

Stop-loss

2 Aug 2024

Buy Advice

17 Jul 2024

101 - 103

Target 1

108

Target 2

110

Profit per
100,000 USD

-1,980

101 - 103

108

110

Trading Advice in US Stocks

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Descartes Systems Group

101 – 103

108 – 110

Below 99

6% – 7%

12 - 14 Days

Buy Descartes Systems Group

Buy
Range 101 – 103

Target 108 – 110

Stoploss Below 99

Upside
Potential 6% – 7%

Trade
Duration 12 - 14 Days

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

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

Descartes Systems Group (NASDAQ: DSGX) - Stock Overview

NASDAQ code

Stock Name

Sector

52 Weeks High

52 Weeks Low

DSGX

Descartes Systems Group

Technology

104.71

69.59

NASDAQ code DSGX

Stock Name Descartes Systems Group

Sector Technology

52 Weeks High 104.71

52 Weeks Low 69.59

Company profile

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.

Descartes Systems Group (NASDAQ: DSGX) vs NASDAQ - Relative Strength Comparison

The image highlights Descartes Systems Group's performance over the last year versus NASDAQ. — Relative Performance - Last 1 Year
DSGX — NASDAQ —

Descartes Systems Group (NASDAQ: DSGX) - Technical Analysis (Daily)

Descartes Systems Group - Technical Analysis chart on Daily Price and Volume

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 Indicator

Descartes Systems Group stock analysis based on RSI indicator — Descartes Systems Group - RSI indicator

Current RSI of this stock is 74.33, which indicates the strength of buyers.

Descartes Systems Group (NASDAQ: DSGX) - MACD Indicator

Descartes Systems Group stock analysis based on MACD indicator — Descartes Systems Group - MACD indicator

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

Descartes Systems Group (NASDAQ: DSGX) - OBV Indicator

Descartes Systems Group stock analysis based on OBV indicator — Descartes Systems Group - OBV indicator

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 swing trading signals for US stocks, Descartes Systems Group stock price target will be USD 108 - USD 110 in the next 12-14 trading sessions.