Daktronics Inc

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Trading Performance

On Balance Volume

Score

-1.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 18 18.1 0.11% 0.13% 5.3% -4.4% -59.8%
SHORT 18 24.4 0.33% 0.50% 4.4% -3.7% -18.3%

Summary

Technical Analysis

Daktronics Inc (DAKT)


Indicator:

ON BALANCE VOLUME


Last Signal:

BEARISH


Trading: SELL @ $6.26
Signal Strength: MEDIUM
Recommendation:

Daktronics Inc (NASDAQ:DAKT) current price has highlighted recent distribution. Currently, the OBV is -35250.4.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.


On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.

Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)


PROFILE: Daktronics Inc (DAKT)


Stock Exchange: NASDAQ
Company: Daktronics Inc
Ticker Codes: | DAKT | NASDAQ:DAKT |

About Daktronics Inc (NASDAQ:DAKT):

Daktronics, Inc. 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; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms. It also provides message displays; ITS dynamic message signs, including LED displays for road management, mass transit, and aviation applications; digit and directional displays for use in parking facilities; and audio systems for outdoor sports venues. In addition, the company offers digital billboards and street furniture displays used to display images, which change at regular intervals for the out-of-home (OOH) advertising industry comprising Visiconn system and Venus Control Suite, a software application for controlling content and playback loops for digital billboard applications; and street furniture for digital OOH campaigns. Further, it provides digit and price displays, such as outdoor time and temperature displays, as well as Fuelight digit displays for the petroleum industry; and dynamic messaging systems for retailers, convenience stores, and other businesses, as well as maintenance and professional services related to its products. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is based in Brookings, South Dakota.

Top 10:

On Balance Volume

Download
Company Close Change(%) Volume Value Signal
GTLS Chart Industries 76.7 3.9 1,039,923 156,616.8 BULLISH
MOBL Mobileiron Inc 6.51 3.5 1,501,692 189,700 BULLISH
ZUMZ Zumiez Inc 24.65 3.4 478,845 7,002 BULLISH
SRCL Stericycle Inc 45.61 3.1 709,921 445,276.1 BULLISH
TOUR Tuniu 3.15 2.9 14,510 18,904.7 BULLISH
LE Lands' End Inc 10.83 2.8 89,063 11,430 BULLISH
GPRE Green Plains 10.48 2.6 345,661 142,255.7 BULLISH
AVDL Avadel Pharmaceuticals 2.31 2.2 59,470 84,880 BULLISH
CARA Cara Therapeutics 25.91 2.2 534,056 168,560 BULLISH
CVTI Covenant Transportation Group 14.78 2.2 59,378 37,103.1 BULLISH