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Today DAKT ranks #17174 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$4.56 (-3.80%)

Volume: 441k

Closed: Dec 03, 2021

Hollow Logo Score: -6.983

Daktronics Stock Forecast

$4.56 (-3.80%)

Volume: 441k

Closed: Dec 03, 2021

Score Hollow Logo -6.983
Which way will DAKT go? Request
Key Stats
P/E Ratio 33.98
Beta 0.97
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 27 and the stock is currently not being overbought or oversold

Daktronics stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-01 Loss -2.77%

The Daktronics stock price fell by -3.80% on the last day (Friday, 3rd Dec 2021) from $4.74 to $4.56. During the day the stock fluctuated 4.91% from a day low at $4.56 to a day high of $4.78. The price has risen in 5 of the last 10 days, but is still down by -7.51% for this period. Volume has increased on the last day by 138 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 441 thousand shares were bought and sold for approximately $2.01 million.

The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($4.73) are considered to be a "second chance" to get out. According to the fan-theory $3.68 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Daktronics stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.78 and $5.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -23.62%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.22 between high and low, or 4.91%. For the last week, the stock has had a daily average volatility of 5.38%.

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

Is Daktronics stock A Buy?

Daktronics holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.983

Predicted Opening Price for Daktronics of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$4.63 $4.56 (Undervalued)
Strong Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 5.38 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.38 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $5.02
Price: $4.56
No Support Found

DAKT Insider Trading Show all Trades

INSIDER POWER

10.267

Last 100 transactions
Buy: 308 634 | Sell: 30 062 (Shares)
Date Action Amount Person Type
Sep 02, 2021 Buy 10 159 Williams Shereta Diana Common Stock
Sep 02, 2021 Buy 6 250 Kurtenbach Matthew John Incentive Stock Option
Sep 02, 2021 Buy 2 500 Kurtenbach Matthew John Restricted Stock Units
Sep 02, 2021 Buy 6 250 Gatzke Carla S Incentive Stock Option
Sep 02, 2021 Buy 2 500 Gatzke Carla S Restricted Stock Units
Show all Insider Trades
INSIDER POWER

10.267

Last 100 transactions
Buy: 308 634 | Sell: 30 062 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.86 6.54 %
4.77 4.67 %
4.72 3.51 %
Current price: 4.56
Support 4.55 -0.24 %
4.50 -1.40 %
4.41 -3.27 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.21 14.25 %
5.12 12.17 %
5.02 10.09 %
Current price 4.56
Support 0 .
0 .
0 .

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About Daktronics

Daktronics Daktronics, Inc., together with its subsidiaries, designs, manufactures, and sells a range of 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, as well as controllers; LED ribbon board displays; m... Read more

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