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(DAC) Danaos Corporation complete technical analysis [charts+indicators] | Buy/Sell Danaos Corporation | (DAC) share price targets

Complete technical analysis of Danaos Corporation (DAC) by charts plus indicators, forecast predictions and share price targets for Danaos Corporation (DAC)

Danaos Corporation trades in USA in Transportation sector.

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Danaos Corporation is 134890

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	77.95	78.47	78.58	76.29	1.714 times
05 Fri Jan 2024	79.37	77.78	80.39	77.42	1.771 times
04 Thu Jan 2024	77.61	77.06	78.01	76.77	1.414 times
03 Wed Jan 2024	76.32	74.40	76.67	74.03	1.028 times
02 Tue Jan 2024	74.51	74.13	75.75	74.00	0.878 times
29 Fri Dec 2023	74.06	73.81	74.14	72.84	1.136 times
29 Fri Dec 2023	74.06	73.81	74.14	72.84	1.136 times
28 Thu Dec 2023	73.52	73.87	74.37	73.33	0.725 times
27 Wed Dec 2023	73.77	73.92	74.31	73.12	0.5 times
26 Tue Dec 2023	73.59	73.75	74.16	72.40	0.519 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 76.3, but if it comes below 76.3, then a intra day sell could be more profitable.
If you take a sell trade below 76.3, then use 76.3 as stoploss and 72.86 as target. However if you take a buy trade in stock , then use 76.3 as stoploss and 80.4 as target.

Share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Target	62.37
Downside Target	66.45
Downside Target	69.72
Downside Target	72.40
Downside Target	74.14
Downside Target	74.37
Downside Target	74.78
Downside Target	76.29
Upside Target	78.58
Upside Target	80.39

Intraday share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Intraday Target	76.63
Downside Intraday Target	75.32
Upside Intraday Target	78.92
Upside Intraday Target	79.9
Downside Intraday Target	77.61

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	77.95	78.47	78.58	76.29	0.337 times
05 Fri Jan 2024	79.37	74.13	80.39	74.00	4.481 times
29 Fri Dec 2023	74.06	73.81	74.14	72.84	0.395 times
29 Fri Dec 2023	74.06	73.75	74.37	72.40	0.621 times
22 Fri Dec 2023	73.85	72.00	74.78	69.72	0.924 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Danaos Corporation (DAC)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	77.95	74.13	80.39	74.00	0.373 times
29 Fri Dec 2023	74.06	70.40	74.78	66.45	0.985 times
30 Thu Nov 2023	70.36	66.27	70.56	62.37	1.377 times
31 Tue Oct 2023	66.26	66.31	68.00	63.87	0.901 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Danaos Corporation (DAC)

Price action analysis of Danaos Corporation ( (DAC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Danaos Corporation ( (DAC) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Danaos Corporation ( (DAC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Danaos Corporation stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Danaos Corporation in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Danaos Corporation Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Danaos Corporation in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Danaos Corporation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 76.19 and Danaos Corporation (DAC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Danaos Corporation (DAC) stock. Volume based technical analysis of Danaos Corporation (DAC) stock is negative.

Danaos Corporation Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.