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

Analysed By
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
99
Buy Advice
17 Jul 2024
101 - 103
Target 1
108
Target 2
110
Profit per
100,000 USD
-1,980
99
101 - 103
108
110
  • 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
    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 Forcast

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

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