DANA INC (DAN) Stock Technical Analysis
NYSE:DAN - New York Stock Exchange, Inc. - US2358252052 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to DAN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DAN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
DAN is one of the better performing stocks in the Automobile Components industry, it outperforms 83% of 81 stocks in the same industry.
DAN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DAN is leading the market.
DAN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
DAN has an average volume of 1843050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that DAN is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
More info and screens
11.12
17.05
We found 3 important support areas.
- Support @15.74 from a horizontal line in the daily time frame.
- Support @11.54 from a trend line in the weekly time frame.
- Support @11.23 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.43 to 16.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.88 from a horizontal line in the daily time frame.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAN is up. |
| ChartMill Relative Strength | 83.06 | POSITIVE | DAN has a high relative strength, it outperformed 83.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DAN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.84 | NEUTRAL | The RSI value for DAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.95 | NEUTRAL | The Stochastics value for DAN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for DAN suggests some volalility. |
| Average Directional Index/ADX (14) | 41.67 | POSITIVE | The high ADX value value for DAN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
16.42
+0.24 (+1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg1.48%
1 Week2.05%
2 Weeks5.12%
1 Month25.73%
3 Month4.52%
6 Month92.27%
12 Month17.29%
2 Year27.58%
3 Year-0.85%
5 Year29.91%
10 Year-24.58%
15 Year51.2%
Volatility
ATR(14)0.63
ATR(20)%4.18%
ATR Inc58.03%
Range Today1.07
ADR(20)0.64
ADR(20)%3.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.06
Mansfield3.18
10 Day High16.88
10 Day Low15.59
20 Day High16.88
20 Day Low12.2
52 Week High16.9
52 Week Low7.58
CS1 End15.74
CR1 Start16.43
Volume & EV
DER(3)-0.28%
DER(5)-0.38%
Volume1.94M
Volume Incr-13.86%
Vol(5)1.65M
Vol(50)1.84M