DANA INC (DAN) Stock Technical Analysis
USA - NYSE:DAN - US2358252052 - Common Stock
20.01 USD
+0.16 (+0.81%)
20.02 USD
+0.01 (+0.05%)
Overall DAN gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, DAN did better than 90% of all other stocks.
DAN is one of the better performing stocks in the Automobile Components industry, it outperforms 91% of 81 stocks in the same industry.
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 has an average volume of 1899120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, DAN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.00, a Stop Loss order could be placed below this zone.
More info and screens
13.78
21.46
5 important support areas can be observed.
- A support zone ranging from 19.70 to 20.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.37 from a trend line in the weekly time frame.
- Support @17.99 from a trend line in the daily time frame.
- Support @15.74 from a horizontal line in the daily time frame.
- Support @13.92 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.04 to 21.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for DAN is neutral. |
| ChartMill Relative Strength | 90.6 | POSITIVE | DAN has a high relative strength, it outperformed 90.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DAN is below a declining 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) | 51.13 | NEUTRAL | The RSI value for DAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests DAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.17 | NEUTRAL | The Stochastics value for DAN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for DAN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.11 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.01 | 19.69 | 1.32 (6.28%) | 15.92% |
| An entry @21.01. This is a Buy Stop order right above the 10 day high. | An exit @19.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.32 points, which is 6.28%. | For a 1.00% total portfolio risk, you can invest 15.92% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
20.01
+0.16 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.81%
1 Week1.57%
2 Weeks-4.62%
1 Month-3.19%
3 Month12.29%
6 Month77.71%
12 Month82.24%
2 Year74.3%
3 Year25.38%
5 Year43.03%
10 Year19.11%
15 Year41.21%
Volatility
ATR(14)0.49
ATR(20)%2.45%
ATR Inc-24.49%
Range Today0.28
ADR(20)0.49
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.6
Mansfield2.25
10 Day High21
10 Day Low19.43
20 Day High21.4
20 Day Low19.43
52 Week High21.4
52 Week Low7.58
CS1 End20
CR1 Start21.04
Volume & EV
DER(3)-3.86%
DER(5)-2.69%
Volume1.36M
Volume Incr-3.57%
Vol(5)1.53M
Vol(50)1.90M