Dana Inc Stock Technical Analysis

DAN Stock  USD 12.70  0.04  0.31%   
As of the 29th of March, Dana shows the Variance of 5.14, mean deviation of 1.74, and Standard Deviation of 2.27. Dana Inc technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Dana Inc, which can be compared to its rivals. Please confirm Dana Inc variance and value at risk to decide if Dana Inc is priced favorably, providing market reflects its regular price of 12.7 per share. Given that Dana has information ratio of (0.14), we urge you to verify Dana Inc's prevailing market performance to make sure the company can sustain itself at a future point.

Dana Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Dana, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Dana
  
Dana's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Dana Analyst Consensus

Target PriceAdvice# of Analysts
16.88Buy9Odds
Dana Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Dana analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Dana stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Dana Inc, talking to its executives and customers, or listening to Dana conference calls.
Dana Analyst Advice Details
Dana technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Dana technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dana trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Dana Inc Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Dana Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Dana Inc Trend Analysis

Use this graph to draw trend lines for Dana Inc. You can use it to identify possible trend reversals for Dana as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Dana price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Dana Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Dana Inc applied against its price change over selected period. The best fit line has a slop of   0.03  , which may imply that the returns on investment in Dana Inc will continue to fail. It has 122 observation points and a regression sum of squares at 32.07, which is the sum of squared deviations for the predicted Dana price change compared to its average price change.

About Dana Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Dana Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Dana Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Dana Inc price pattern first instead of the macroeconomic environment surrounding Dana Inc. By analyzing Dana's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Dana's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Dana specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.01760.02680.02750.0477
Price To Sales Ratio0.370.210.20.22

Dana March 29, 2024 Technical Indicators

Most technical analysis of Dana help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Dana from various momentum indicators to cycle indicators. When you analyze Dana charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Dana March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Dana stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Dana Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dana's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dana Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dana Inc Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dana Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Dana Inc information on this page should be used as a complementary analysis to other Dana's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary Tools for Dana Stock analysis

When running Dana's price analysis, check to measure Dana's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dana is operating at the current time. Most of Dana's value examination focuses on studying past and present price action to predict the probability of Dana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dana's price. Additionally, you may evaluate how the addition of Dana to your portfolios can decrease your overall portfolio volatility.
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Is Dana's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dana. If investors know Dana will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dana listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.727
Dividend Share
0.4
Earnings Share
0.26
Revenue Per Share
73.096
Quarterly Revenue Growth
(0.02)
The market value of Dana Inc is measured differently than its book value, which is the value of Dana that is recorded on the company's balance sheet. Investors also form their own opinion of Dana's value that differs from its market value or its book value, called intrinsic value, which is Dana's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dana's market value can be influenced by many factors that don't directly affect Dana's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dana's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.