DANA INC (DAN) Stock Technical Analysis
NYSE:DAN - New York Stock Exchange, Inc. - US2358252052 - Common Stock - Currency: USD
Overall DAN gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that DAN is one of the better performing stocks in the market, outperforming 90% of all stocks.
DAN is part of the Automobile Components industry. There are 81 other stocks in this industry. DAN outperforms 87% of them.
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.
In the last month DAN has a been trading in the 15.59 - 18.03 range, which is quite wide. It is currently trading near the high of this range.
DAN has an average volume of 1889480 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. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 17.22, a Stop Loss order could be placed below this zone.
More info and screens
11.49
17.43
We found 4 important support areas.
- A support zone ranging from 16.98 to 17.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.74 from a horizontal line in the daily time frame.
- Support @11.92 from a trend line in the weekly time frame.
- Support @11.61 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @17.26 from a horizontal line in the weekly 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 | 90.01 | POSITIVE | DAN has a high relative strength, it outperformed 90.01% 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) | 63.22 | NEUTRAL | The RSI value for DAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DAN has a negative trend. |
| Stochastics (14,3) | 74.68 | NEUTRAL | The Stochastics value for DAN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for DAN suggests some volalility. |
| Average Directional Index/ADX (14) | 39.48 | 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 |
|---|---|---|---|
| 17.27 | 16.97 | 0.30 (1.74%) | 25.00% |
| An entry @17.27. This is a Buy Stop order right above the resistance zone. | An exit @16.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.30 points, which is 1.74%. | For a 0.43% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DAN. Please evaluate whether better entry and exit points can be found.
- 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.
17.23
-0.15 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.86%
1 Week-0.17%
2 Weeks3.61%
1 Month7.22%
3 Month19.9%
6 Month35.88%
12 Month38.73%
2 Year1.35%
3 Year22.46%
5 Year41.35%
10 Year-16.28%
15 Year72.3%
Volatility
ATR(14)0.51
ATR(20)%3.19%
ATR Inc4.99%
Range Today0.45
ADR(20)0.52
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.01
Mansfield3.28
10 Day High18.03
10 Day Low16.12
20 Day High18.03
20 Day Low15.59
52 Week High18.03
52 Week Low7.58
CS1 End17.22
CR1 Start17.26
Volume & EV
DER(3)0.43%
DER(5)0.13%
Volume2.39M
Volume Incr17.06%
Vol(5)1.83M
Vol(50)1.89M