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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 2024-09-06 View latest technical analysis

10 day averaged volume of Danaos Corporation is 79865

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	77.07	78.36	78.99	76.57	2.066 times
05 Thu Sep 2024	78.99	79.52	79.84	78.22	1.336 times
04 Wed Sep 2024	79.16	79.47	80.32	78.99	1.594 times
03 Tue Sep 2024	79.47	81.71	82.00	78.64	1.593 times
30 Fri Aug 2024	82.04	82.10	82.44	81.38	0.625 times
30 Fri Aug 2024	82.04	82.10	82.44	81.38	0.625 times
29 Thu Aug 2024	81.54	82.00	82.24	81.22	0.637 times
28 Wed Aug 2024	81.99	82.35	82.35	81.20	0.888 times
27 Tue Aug 2024	82.80	82.31	83.21	81.77	0.895 times
26 Mon Aug 2024	82.58	82.96	83.75	82.55	0.856 times

Stock of Danaos Corporation (DAC) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 78, for a target of 80 or 81.62

Share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Target	75.90
Upside Target	80.51
Upside Target	82.44
Upside Target	83.02
Upside Target	83.75
Upside Target	85.83
Upside Target	86.27
Upside Target	89.08
Upside Target	93.87
Upside Target	96.92
Upside Target	98.25

Intraday share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Intraday Target	75.09
Downside Intraday Target	73.12
Upside Intraday Target	80.52
Upside Intraday Target	83.98
Upside Intraday Target	78.55

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	77.07	81.71	82.00	76.57	10.537 times
30 Fri Aug 2024	82.04	82.10	82.44	81.38	0.16 times
30 Fri Aug 2024	82.04	82.96	83.75	81.20	0.524 times
23 Fri Aug 2024	82.51	82.73	85.83	81.21	1.174 times
16 Fri Aug 2024	82.58	80.83	83.02	80.51	0.796 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Danaos Corporation (DAC)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	77.07	81.71	82.00	76.57	0.226 times
30 Fri Aug 2024	82.04	85.87	86.27	77.56	1.145 times
31 Wed Jul 2024	86.49	93.87	93.87	82.40	0.88 times
28 Fri Jun 2024	92.36	97.37	98.25	89.08	0.867 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Danaos Corporation stock for short term is SELL. Signal strength is Strong and stock is gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Danaos Corporation in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 80.04 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.