DBD (Diebold Nixdorf, Inc.) – short stock at decisive chart level

ISIN: US2536511031

Diebold Nixdorf Inc. is an American IT group that was created from the fusion of Diebold and Wincor Nixdorf in 2016. The company offers services for IT systems, banks and trading companies. Diebold Nixdorf is known for its cash register systems and ATMs.

The group’s stock has been in a decline that has been resumed time and again for years now. No enduring bull trends have been established for a long time. In the last few weeks, once again, an opportunity to sell has presented itself. In this technical analysis we examine a possible short scenario.

 

stock DBD daily chart with outlook

stock DBD daily chart with outlook

 

Downward trend with wide correction

In the daily chart, we can clearly see a wide correction of the downward trend. This produces a high potential for a short positioning; there is plenty of space until the low at 18 USD. This is why we can and should wait for a signal in the subordinate trend size. In addition, since the SMA 50 has been broken through once again for the first time in months now, which is seen as a bullish signal, an entry after a P2 in a subordinate trend size offers more security.

A partial sale should be carried out starting from 18.50 USD, since this is where the prices hit a significant decision zone and could bounce back off. Above 24 USD, the short scenario becomes invalid.

Before making an entry, one should take the news into consideration. In addition, one should also observe the overall market as well as the actions of the central banks.

 

Trading parameters

Entry: depending on the formation of the hourly trend, between 21 – 23 USD

Stop: depending on the formation of the hourly trend, above the last high

Targets: first target zone at 18.50 USD, second target zone at 15 USD

 

 

 

Disclosure of possible conflicts of interest: at the time of publishing this analysis, the author is not invested in the securities or underlyings discussed.

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