Dynatrace Shares See Heavy Accumulation in 2023
Dynatrace Stock Attracts Big Money Buyers
So, what’s Big Money? Said simply, that’s when a stock presses higher alongside chunky volumes. It’s indicative of institutions betting on the shares.
Dynatrace has many fundamental qualities that are attractive, too.
This sets up well for the stock going forward. Paying attention to how the shares trade, suggests there could be more upside.
You see, money managers wager on the next outlier stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.
The YTD action tells the story. Each green bar signals big buying volumes as the stock ramped in price:
Since January, the stock attracted constant Big Money buy signals. Recent green bars could mean more upside is ahead.
Now, let’s check out the technical action grabbing my attention:
- 3-month outperformance vs. Global X Robotics & Artificial Intelligence ETF (+4.96% vs. BOTZ)
Dynatrace Fundamental Analysis
Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is strong too. As you can see, Dynatrace boasts double-digit sales and earnings growth the past 3 years:
- 3-year sales growth rate (+28.6%)
- 3-year EPS growth rate (+35.8%)
Source: FactSet
Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.
In fact, DT has been a top-rated stock at MAPsignals. That means the stock has had buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report numerous times this year. The blue bars below show when DT was a top pick:
Tracking unusual volumes reveals the power of the MAPsignals process.
Dynatrace Price Prediction
The DT rally has been in place for months. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds no positions in DT at the time of publication.
Learn more about the MAPsignals process here.
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