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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 2024-02-22 View latest technical analysis

10 day averaged volume of Danaos Corporation is 115230

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	72.31	72.30	72.85	71.75	0.834 times
21 Wed Feb 2024	72.28	71.18	72.49	70.49	0.91 times
20 Tue Feb 2024	70.86	71.64	71.64	70.10	1.047 times
16 Fri Feb 2024	71.67	72.04	72.50	71.29	0.927 times
15 Thu Feb 2024	72.04	72.36	72.85	71.66	1.116 times
14 Wed Feb 2024	72.57	72.65	74.95	72.02	1.646 times
13 Tue Feb 2024	75.45	75.99	76.44	74.98	0.957 times
12 Mon Feb 2024	76.06	74.97	76.50	74.97	0.857 times
09 Fri Feb 2024	74.34	74.31	74.45	73.83	0.496 times
08 Thu Feb 2024	74.01	74.38	74.38	72.77	1.309 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 72.5, but if it comes above 72.5, then a intra day buy could be more profitable.
If you take a sell trade below 72.5, then use 72.5 as stoploss and 70.2 as target. However if you take a buy trade in stock , then use 72.5 as stoploss and 74.48 as target.

Share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Target	62.37
Downside Target	63.87
Downside Target	66.45
Downside Target	68.00
Downside Target	70.10
Upside Target	72.77
Upside Target	75.17
Upside Target	75.46
Upside Target	76.50
Upside Target	77.44
Upside Target	78.00
Upside Target	78.25
Upside Target	80.39

Intraday share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Intraday Target	70.66
Downside Intraday Target	69
Upside Intraday Target	73.41
Upside Intraday Target	74.5
Downside Intraday Target	71.75

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	72.31	71.64	72.85	70.10	0.507 times
16 Fri Feb 2024	71.67	74.97	76.50	71.29	1.227 times
09 Fri Feb 2024	74.34	74.05	75.46	72.77	0.984 times
02 Fri Feb 2024	74.30	77.30	78.25	73.27	1.085 times
26 Fri Jan 2024	77.13	75.45	78.00	75.17	1.171 times

Price has moved up 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
22 Thu Feb 2024	72.31	76.77	77.44	70.10	0.645 times
31 Wed Jan 2024	76.28	74.13	80.39	74.00	1.098 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

Scroll below to view daily charts

Price has moved down 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Danaos Corporation ( (DAC) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Danaos Corporation ( (DAC) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Danaos Corporation in short term and the sell signal is strong.

Danaos Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Danaos Corporation in short term but BUY 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 73.05 and Danaos Corporation (DAC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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