Dana Holding Corp Stock Forecast
Dana Holding Corp stock price down 1.51% on Tuesday
(Updated on Apr 30, 2024)
The Dana Holding Corp stock price fell by -1.51% on the last day (Tuesday, 30th Apr 2024) from $12.62 to $12.43. During the last trading day the stock fluctuated 3.45% from a day low at $12.17 to a day high of $12.59. The price has risen in 8 of the last 10 days and is up by 4.72% over the past 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $27.11 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $12.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.10% during the next 3 months and, with a 90% probability hold a price between $9.90 and $11.49 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.
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DAN Signals & Forecast
The Dana Holding Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $12.44. On a fall, the stock will find some support from the long-term average at approximately $12.28. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -4.02%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Dana Holding Corp stock
Dana Holding Corp finds support from accumulated volume at $12.26 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 $0.420 (3.45%) between high and low. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: $12.01 (-3.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (DAN) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Dana Holding Corp to open at $12.40, and during the day (based on 14 day Average True Range), to move between $12.09 and $12.77, which gives a possible trading interval of +/-$0.340 (+/-2.74%) up or down from last closing price. If Dana Holding Corp takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.50 (0.56%) than the support at $12.26 (1.37%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.968 Hold/Accumulate Unchanged
Predicted Opening Price for Dana Holding Corp of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $12.40 ( 0.268%) | $12.43 |
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 | 12.82 | 3.11 % | |
| R2 | 12.66 | 1.82 % | ||
| R1 | 12.56 | 1.02 % | ||
| Current price: | 12.43 | |||
| Support | S1 | 12.24 | -1.56 % | |
| S2 | 12.14 | -2.36 % | ||
| S3 | 11.98 | -3.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.74 | 2.49 % | |
| R2 | 12.51 | 0.644 % | ||
| R1 | 12.50 | 0.563 % | ||
| Current price | 12.43 | |||
| Support | S1 | 12.26 | -1.37% | |
| S2 | 12.18 | -2.01% | ||
| S3 | 11.94 | -3.94% |
DAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 31, 2024 | $0.100 | 0.80% |
| 2 | Feb 14, 2024 | Feb 29, 2024 | Mar 22, 2024 | $0.100 | 0.82% |
| 3 | Oct 25, 2023 | Nov 09, 2023 | Dec 01, 2023 | $0.100 | 0.730% |
| 4 | Jul 26, 2023 | Aug 10, 2023 | Sep 01, 2023 | $0.100 | 0.608% |
| 5 | Apr 26, 2023 | May 11, 2023 | Sep 01, 2023 | $0.100 | 0.608% |
FAQ
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