DANR Technical Analysis - Danieli & C Officine Meccaniche SpA

Technical Rating and Analysis

Taking everything into account, DANR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, DANR has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, DANR did better than 89% of all other stocks. We also observe that the gains produced by DANR over the past year are nicely spread over this period.

DANR is part of the Machinery industry. There are 102 other stocks in this industry. DANR outperforms 88% of them.

A new 52 week high is currently being made by DANR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month DANR has a been trading in the 27.26 - 33.00 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Danieli & C Officine Meccaniche SpA / DANR Weekly stock chart

Danieli & C Officine Meccaniche SpA / DANR Daily stock chart

Setup Rating and Analysis

Although DANR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

24.99

33.87

We found 5 important support areas.

A support zone ranging from 32.71 to 32.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 28.98 to 29.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @27.80 from a trend line in the daily time frame.
Support @27.12 from a horizontal line in the daily time frame.
Support @25.24 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 DANR.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DANR.MI is up.
ChartMill Relative Strength	89.52	POSITIVE	DANR.MI has a high relative strength, it outperformed 89.52% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DANR.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DANR.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of DANR.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	73.08	OVERBOUGHT	The high RSI value suggests DANR.MI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.53	POSITIVE	The MACD value suggests DANR.MI has a positive trend.
Stochastics (14,3)	96.62	OVERBOUGHT	The high Stochastics value suggests DANR.MI may be overbought.
Average True Range in percent/ATR (20)	2.51	MEDIUM VOLATILITY	The ATR as a percentage value for DANR.MI suggests some volalility.
Average Directional Index/ADX (14)	33.93	POSITIVE	The high ADX value value for DANR.MI suggests a strong trend.