DAN Technical Analysis - DANIELI & CO

Technical Rating and Analysis

Overall DAN gets a technical rating of 9 out of 10. Both in the recent history as in the last year, DAN has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that DAN is one of the better performing stocks in the market, outperforming 72% of all stocks.

DAN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DAN is lagging the market slightly.

DAN is part of the Machinery industry. There are 105 other stocks in this industry, DAN did better than 68% of them.

In the last month DAN has a been trading in the 36.90 - 42.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although DAN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

29.65

42.63

When analyzing the support we can see 5 important areas.

A support zone ranging from 39.93 to 39.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 36.63 to 36.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @35.86 from a trend line in the daily time frame.
Support @30.54 from a trend line in the daily time frame.
Support @29.95 from a trend line in the weekly time frame.

We found 1 important resistance area.

Resistance @42.21 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for DAN.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DAN.MI is up.
ChartMill Relative Strength	72.01	POSITIVE	DAN.MI has a high relative strength, it outperformed 72.01% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DAN.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DAN.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DAN.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	54.62	NEUTRAL	The RSI value for DAN.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests DAN.MI has a negative trend.
Stochastics (14,3)	57.25	NEUTRAL	The Stochastics value for DAN.MI is a neutral value.
Average True Range in percent/ATR (20)	2.87	MEDIUM VOLATILITY	The ATR as a percentage value for DAN.MI suggests some volalility.
Average Directional Index/ADX (14)	40.46	POSITIVE	The high ADX value value for DAN.MI suggests a strong trend.