Dana Inc. DAN Stock Analysis

Dana Inc. stock trades under the ticker DAN & has shown recent bullishness that investors & traders should take note of.

DAN stock closed at $24.14/share on 11/12/2021, on a 3% bullish gap up.

Dana Inc. DAN Stock’s Technicals Broken Down

Dana Inc. DAN Stock Technical Performance Over The Last Year

DAN Stock Price:$24.14

10 Day Moving Average: $23.23

50 Day Moving Average: $23.10

200 Day Moving Average: $23.99

RSI: 55

MACD: -0.024

On Friday, DAN stock completed a bullish MACD crossover, while also breaking out above both its 10 & 50 Day Moving Averages.

Their recent volume has been a bit higher than usual for the rest of the year.

The next level of resistance to break through is the $25.48/share level.

With a relatively neutral RSI, there looks to be sufficient momentum to carry it up to that point.

Dana Inc. DAN Stock As A Long-Term Investment

Investors will like DAN stock’s fundamentals, with a P/E (ttm) of 16.2 & a P/B of 1.82.

DAN stock saw a 10% Quarterly Revenue Growth Y-o-Y.

One area that may worry them is DAN’s balance sheet, where they have $238M in Total Cash (mrq) & Total Debt (mrq) of $2.66B.

They offer a 1.3% dividend yield, that appears safe with a ~20% payout ratio.

Because of this, they enjoy a 95%+ % Institutional Shareholders.

Dana Inc. DAN Stock As A Short-Term Trade Using Options

Short-term focused traders can use options to take advantage of DAN’s current momentum.

I am looking at the contracts with the 11/19 expiration date.

The $24 & $25 calls look interesting, although someone illiquid with only 800 or so contracts outstanding between both strike prices.

The $25 & $26 puts also look appealing, but face a similar issue from the open interest perspective.

With more calls than puts outstanding, the general market sentiment is still bullish for DAN stock.

Tying It All Together

Overall, DAN stock offers opportunities that both traders & investors will like.

DAN’s valuation metrics & dividend yield both look appealing for long-term investors.

In the near-term, their current momentum & technical indicators show that there is still more room for their price to run.

DAN stock is worth taking a closer look at, regardless of your trading style & time frames.