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 7 out of 10. In the last year, DAN was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, DAN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 17.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.84, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.19 to 16.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.42 from a trend line in the weekly time frame.
- Support @12.09 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.71 to 17.82. 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 | 91.75 | POSITIVE | DAN has a high relative strength, it outperformed 91.75% 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) | 47.36 | NEUTRAL | The RSI value for DAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests DAN has a negative trend. |
| Stochastics (14,3) | 34.02 | NEUTRAL | The Stochastics value for DAN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for DAN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.08 | NEUTRAL | The ADX value for DAN suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 17.35 | 16.75 | 0.60 (3.46%) | 25.00% |
| An entry @17.35. This is a Buy Stop order right above the 10 day moving average. | An exit @16.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.60 points, which is 3.46%. | For a 0.87% 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.
16.85
-0.4 (-2.32%)