Daikin: Technicals And Margin Erosion Point To Tough Environment Over The Near Term [Seeking Alpha]
DAIKIN INDS LTD UNSP/ADR (DKILY)
NASDAQ:AMEX Investor Relations:
daikin.com/investor/index.html
Company Research
Source: Seeking Alpha
Follow Play 9min Summary Daikin's technical analysis demonstrates that shares may remain under pressure over the near term. Profit margins remained pressurized in the first quarter. Inflation & concerning demand trends continue to affect probability in various aircon & refrigeration regions. Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Technical Analysis (Long-Term Chart) If we initially pull up a long-term chart of Daikin Industries, Ltd. ( OTCPK:DKILF ), we see that a bearish crossover of the popular MACD indicator followed the topping out of the share price in mid-2021. The final confirmation that a bear market has begun in this stock was the crossing over (a death cross) of the stock's 10-month moving average beneath its 40-week counterpart in mid-2022. Although shares of the air-conditioning & refrigeration company provided a temporary respite in 2023, the predominant pattern has been lower highs & lower lows in the Japanese-based industrial
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