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Descartes Systems Group Inc.
Descartes Systems Group (TSX: DSG) provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions).
As per the previous ‘Earnings Hunter’ Report published on DSG on 04 March 2024, Kalkine provided an ‘Attractive’ stance on the stock at CAD 120.12 based on the ‘Earnings Hunter Score’.
Noted below are the details of support and resistance levels provided in the previous report:
DSG Daily Chart
One-Year Technical Price Chart (as of April 23, 2024). Source: REFINITIV, Analysis: Kalkine Group
Considering the current trading levels and uncertain macro environment, the stock seems ‘Unattractive’ at the closing market price of CAD 128.51 (as of 23 April 2024).
Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.
Descartes Systems Group is a part of Kalkine’s Earnings Hunter Report
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 23 April 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Dividend Yield may vary as per the stock price movement.
The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.
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