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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 2024-05-23 View latest technical analysis

10 day averaged volume of Danaos Corporation is 113582

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	88.20	86.60	88.45	86.55	1.401 times
22 Wed May 2024	86.28	86.01	86.48	85.00	0.851 times
21 Tue May 2024	86.22	85.44	86.24	85.19	1.146 times
20 Mon May 2024	85.86	85.00	86.28	84.88	0.965 times
17 Fri May 2024	85.15	85.61	86.35	84.84	1.046 times
16 Thu May 2024	85.31	84.47	85.77	83.86	0.714 times
15 Wed May 2024	84.38	84.52	85.00	83.48	0.761 times
14 Tue May 2024	84.58	83.50	84.68	82.65	1.057 times
13 Mon May 2024	83.25	83.00	83.87	82.81	0.715 times
10 Fri May 2024	82.82	83.00	84.84	82.05	1.675 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 85.7, but if it comes below 85.7, then a intra day sell could be more profitable.
If you take a sell trade below 85.7, then use 85.7 as stoploss and 81.77 as target. However if you take a buy trade in stock , then use 85.7 as stoploss and 90.5 as target.

Share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Target	69.33
Downside Target	78.30
Downside Target	78.80
Downside Target	80.39
Downside Target	82.65
Downside Target	84.84
Downside Target	84.88
Downside Target	86.35
Upside Target	88.45

Intraday share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Intraday Target	85.9
Downside Intraday Target	83.61
Upside Intraday Target	89.47
Upside Intraday Target	90.75
Downside Intraday Target	87.18

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	88.20	85.00	88.45	84.88	1.017 times
17 Fri May 2024	85.15	83.00	86.35	82.65	0.838 times
10 Fri May 2024	82.82	78.50	84.84	78.30	1.336 times
03 Fri May 2024	78.54	75.97	78.80	75.25	1.205 times
26 Fri Apr 2024	75.21	72.95	75.80	72.72	0.9 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
23 Thu May 2024	88.20	76.35	88.45	75.90	0.965 times
30 Tue Apr 2024	76.51	72.20	77.25	71.32	1.005 times
28 Thu Mar 2024	72.20	72.17	73.10	69.33	0.87 times
29 Thu Feb 2024	71.95	76.77	77.44	70.10	0.788 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 gaining 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Danaos Corporation in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 85.23 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.