Dana Holding Technical Analysis (NYSE:DAN)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Dana Holding stock price data and volume are plotted in DAN stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Dana Holding. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Dana Holding stock analysis.
Dana Holding Moving Average:
Moving averages show the average price of DAN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Dana Holding are mostly signals of long term trends and will help long term traders.
Dana Holding Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Dana Holding stock price relative to previous trades. Dana Holding bollinger bands show that the stock price is $19.78, upper band is 22.79, lower band is 19.85, and the average is 21.32.
Dana Holding Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Dana Holding MACD indicator is below 0 indicating a bearish trend.
Dana Holding Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of DAN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .