RSI low/high Values: [ 25 - 75 ]
* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DAKT
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Daktronics stock price up 0.549% on Tuesday
(Updated on Jun 18, 2024)

Sell candidate since Jun 14, 2024 Gain 0.46% PDF

The Daktronics stock price gained 0.549% on the last trading day (Tuesday, 18th Jun 2024), rising from $10.93 to $10.99. During the last trading day the stock fluctuated 1.42% from a day low at $10.90 to a day high of $11.06. The price has fallen in 6 of the last 10 days and is down by -2.74% for this period. Volume fell on the last day by -44 thousand shares and in total, 188 thousand shares were bought and sold for approximately $2.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.61 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.77% during the next 3 months and, with a 90% probability hold a price between $13.13 and $15.58 at the end of this 3-month period.

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DAKT Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Daktronics stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $11.28 and $11.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -5.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Daktronics stock

On the downside, the stock finds support just below today's level from accumulated volume at $9.96 and $9.57. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Daktronics finds support just below today's level at $9.96. If this is broken, then the next support from accumulated volume will be at $9.57 and $9.55.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.155 (1.42%) between high and low. For the last week, the stock has had daily average volatility of 3.39%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DAKT) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Daktronics to open at $10.98, and during the day (based on 14 day Average True Range), to move between $10.63 and $11.35, which gives a possible trading interval of +/-$0.357 (+/-3.24%) up or down from last closing price. If Daktronics takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.12 (1.18%) than the support at $9.96 (9.37%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Daktronics stock A Buy?

The Daktronics stock holds several negative signals and despite the positive trend, we believe Daktronics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.975 Sell Candidate Unchanged

Predicted Opening Price for Daktronics of Thursday, June 20, 2024

Fair opening price June 20, 2024 Current price
$10.98 ( 0.0758%) $10.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DAKT

Fibonacci Support & Resistance Levels

Level Price
R3 11.14 1.33%
R2 11.08 0.796%
R1 11.04 0.463%
Price 10.99
S1 10.92 -0.615%
S2 10.89 -0.95%
S3 10.83 -1.49%

Accumulated Volume Support & Resistance Levels

Level Price
R3 11.57 5.28%
R2 11.28 2.64%
R1 11.12 1.18%
Price 10.99
S1 9.96 -9.37%
S2 9.57 -12.92%
S3 9.55 -13.10%

DAKT Dividend Payout History

# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 26, 2020 Mar 06, 2020 Mar 19, 2020 $0.0500 1.12%
2 Dec 04, 2019 Dec 13, 2019 Dec 26, 2019 $0.0500 0.82%
3 Sep 06, 2019 Sep 13, 2019 Sep 26, 2019 $0.0500 0.668%
4 May 31, 2019 Jun 07, 2019 Jun 20, 2019 $0.0500 0.799%
5 Mar 01, 2019 Mar 08, 2019 Mar 21, 2019 $0.0700 0.91%


What is the symbol for Daktronics Stock and on which exchange is it traded?
The symbol for Daktronics is DAKT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Daktronics Stock?
The Daktronics stock holds several negative signals and despite the positive trend, we believe Daktronics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Daktronics Stock?
Daktronics Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Daktronics Stock.

What's the current price of Daktronics Stock?
As of the end of day on the Jun 18, 2024, the price of an Daktronics (DAKT) share was $10.99.

What is the 52-week high and low for Daktronics Stock?
The 52-week high for Daktronics Stock is $12.42 and the 52-week low is $5.94.

What is the market capitalization of Daktronics Stock?
As of the Jun 18, 2024, the market capitalization of Daktronics is 507.62M.

When is the next earnings date for Daktronics?
The upcoming earnings date for Daktronics is Jul 10, 2024.
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About Daktronics

Daktronics Daktronics, Inc. designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; indoor and outdoor light emitting diodes (LED) video displays, including centerhung, la... DAKT Profile

Top Fintech Company featured in The Global Fintech Index 2020 as the top Fintech company of the country.

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