• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Diebold Nixdorf (NYSE:DBD)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Diebold Nixdorf (NYSE:DBD) based on the price action in the company's shares. Today's price range of $10.48 and $10.90 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Diebold Nixdorf may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Diebold Nixdorf, Incorporated provides automatic teller machines, financial, and point of sale (POS) services. The Company offers electronic card systems, monitoring software, fraud control, retail cash cycle management, and electronic shelf labeling services. Diebold Nixdorf conducts its business worldwide.

There is potential upside of 87.7% for shares of Diebold Nixdorf based on a current price of $10.48 and an average consensus analyst price target of $19.67. The stock should hit resistance at its 50-day moving average (MA) of $11.02, as well as support at its 200-day MA of $6.30.

Over the past year, Diebold Nixdorf has traded in a range of $2.41 to $13.60 and is now at $10.48, 335% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend is monitoring the recent change of momentum in Diebold Nixdorf. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Diebold Nixdorf in search of a potential trend change.

Keywords: bearish inside day candle diebold nixdorf

Ticker(s): DBD