Dana Holding Corp Stock Forecast
Green day on Friday for Dana Holding Corp stock after gaining 1.17%
(Updated on Apr 19, 2024)
The Dana Holding Corp stock price gained 1.17% on the last trading day (Friday, 19th Apr 2024), rising from $12.01 to $12.15. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.61% from a day low at $11.90 to a day high of $12.21. The price has risen in 6 of the last 10 days but is still down by -3.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 372 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $19.82 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.83% during the next 3 months and, with a 90% probability hold a price between $9.58 and $11.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DAN Signals & Forecast
There are mixed signals in the stock today. The Dana Holding Corp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.27. On a fall, the stock will find some support from the short-term average at $12.04. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.18%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Dana Holding Corp stock
Dana Holding Corp finds support from accumulated volume at $12.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.310 (2.61%) between high and low. For the last week, the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DAN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Dana Holding Corp to open at $12.09, and during the day (based on 14 day Average True Range), to move between $11.80 and $12.50, which gives a possible trading interval of +/-$0.349 (+/-2.87%) up or down from last closing price. If Dana Holding Corp takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.18 (0.25%) than the support at $12.01 (1.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Dana Holding Corp stock A Buy?
Dana Holding Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.549 Sell Candidate Unchanged
Predicted Opening Price for Dana Holding Corp of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $12.09 ( 0.521%) | $12.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DAN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.40 | 2.03 % | |
| R2 | 12.28 | 1.06 % | ||
| R1 | 12.21 | 0.453 % | ||
| Current price: | 12.15 | |||
| Support | S1 | 11.97 | -1.50 % | |
| S2 | 11.90 | -2.10 % | ||
| S3 | 11.78 | -3.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.74 | 4.86 % | |
| R2 | 12.26 | 0.91 % | ||
| R1 | 12.18 | 0.247 % | ||
| Current price | 12.15 | |||
| Support | S1 | 12.01 | -1.15% | |
| S2 | 11.94 | -1.73% | ||
| S3 | 11.72 | -3.54% |
DAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Feb 29, 2024 | Mar 22, 2024 | $0.100 | 0.82% |
| 2 | Oct 25, 2023 | Nov 09, 2023 | Dec 01, 2023 | $0.100 | 0.730% |
| 3 | Jul 26, 2023 | Aug 10, 2023 | Sep 01, 2023 | $0.100 | 0.608% |
| 4 | Apr 26, 2023 | May 11, 2023 | Sep 01, 2023 | $0.100 | 0.608% |
| 5 | Feb 15, 2023 | Mar 02, 2023 | Mar 24, 2023 | $0.100 | 0.727% |
FAQ
Click here for our free guide on how to buy Dana Holding Corp Stock.
