Dialog Semiconductors share price was heavily penalized and is now in an oversold situation near to a solid support area.
According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility. Moreover, brokers have lately revised upward their revenue estimates and count on EPS of USD 0.84 (publication in USD) for this year.
Currently the stock is oversold and, in the mid-term, it is trading in a bearish trend. In the short term, this trend is reversed upon contact with the EUR 12.8 area. Dialog Semiconductor should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards EUR 14.55.
Therefore, the proximity of the EUR 12.8 support is an opportunity to take a long position in Dialog Semiconductor. The first goal is a return in the EUR 14.55 resistance area. In fact, the security has to cross this area in order to re-establish a bullish trend in the short term. A stop loss order can be placed under the support currently tested.
The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.
Designs, develops and supplies customized integrated circuit productsDialog Semiconductor Plc designs, develops and markets integrated circuit products.The company operates its business through four segments: Mobile Systems, Automotive & Industrial, Connectivity, and Power Conversion.The Mobile...