DANA INC (DAN)       13.75  +0.03 (+0.22%)

13.75  +0.03 (+0.22%)

US2358252052 - Common Stock - After market: 13.75 0 (0%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to DAN. DAN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



DAN has an average volume of 1106240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
69% of all other stocks performed better in the past year than DAN.
DAN is part of the Auto Components industry. There are 36 other stocks in this industry, of which 75% are performing better than DAN.
DAN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
DAN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Statistics

1 Month 3 Months 6 Months 12 Months -11.86% -7.84% 14.01% -21.38% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 31.27 11.17 - 19.3
DAN Weekly chart
DAN Daily chart

Support/Resistance Analysis


13.35

18.84
When analyzing the support we notice one important area.
  • A support zone ranging from 13.48 to 13.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
  • Resistance @14.09 from a horizontal line in the daily time frame.
  • Resistance @18.28 from a trend line in the weekly time frame.
  • Resistance @18.65 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

7

Although the technical rating is bad, DAN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 13.58, a Stop Loss order could be placed below this zone.


DAN Daily chart

DANA INC13.75

NYSE:DAN (3/24/2023, 8:23:32 PM)+0.03 (+0.22%)

After market: 13.75 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAuto Components
Performance
Today0.22%
1 Week1.93%
2 Weeks-5.17%
1 Month-11.86%
3 Month-7.84%
6 Month14.01%
Volatility
ATR(14)0.66
ATR(20)%4.17%
ATR Inc-9.28%
Range Today0.5
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.27
Mansfield-1.16
10 Day High14.67
10 Day Low13.32
20 Day High16.41
20 Day Low13.32
52 Week High19.3
52 Week Low11.17
CS1 End13.58
CR1 Start14.09
Volume & EV
DER(3)0.32%
DER(5)0.12%
Volume972.70K
Volume Incr-16.93%
Vol(5)1.21M
Vol(50)1.11M

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