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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.

10 day averaged volume of Danaos Corporation is 92340

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	66.22	66.04	66.60	65.82	0.809 times
28 Thu Sep 2023	65.81	66.49	66.79	65.79	0.763 times
27 Wed Sep 2023	66.52	66.81	66.99	65.68	1.039 times
26 Tue Sep 2023	66.27	65.80	66.59	65.76	0.734 times
25 Mon Sep 2023	66.00	66.00	66.49	65.51	0.78 times
22 Fri Sep 2023	66.28	66.13	66.81	65.72	0.721 times
21 Thu Sep 2023	66.04	65.02	66.17	64.56	1.536 times
20 Wed Sep 2023	64.89	64.71	65.65	64.66	1.415 times
19 Tue Sep 2023	64.43	64.69	65.61	64.33	1.05 times
18 Mon Sep 2023	64.37	64.08	64.69	63.64	1.03 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 65.9, but if it comes below 65.9, then a intra day sell could be more profitable.
If you take a sell trade below 65.9, then use 65.9 as stoploss and 65.06 as target. However if you take a buy trade in stock , then use 65.9 as stoploss and 67 as target.

Share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Target	53.89
Downside Target	58.50
Downside Target	63.37
Downside Target	66.04
Upside Target	66.81
Upside Target	66.99
Upside Target	67.70
Upside Target	67.76
Upside Target	70.84
Upside Target	71.65

Intraday share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Intraday Target	65.49
Downside Intraday Target	64.76
Upside Intraday Target	66.97
Upside Intraday Target	67.72
Upside Intraday Target	66.24

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	66.22	66.00	66.99	65.51	0.717 times
22 Fri Sep 2023	66.28	64.08	66.81	63.64	6.177 times
15 Fri Sep 2023	64.05	64.45	64.78	63.79	0.202 times
15 Fri Sep 2023	64.05	65.18	66.04	63.79	0.872 times
08 Fri Sep 2023	65.18	66.80	66.81	63.37	9.179 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
29 Fri Sep 2023	66.22	67.33	67.76	63.37	0.899 times
31 Thu Aug 2023	67.12	70.10	70.84	65.43	1.053 times
31 Mon Jul 2023	70.42	67.06	71.65	64.05	0.669 times
30 Fri Jun 2023	66.79	58.50	67.70	58.50	0.886 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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

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 red color and prices are in or above the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 65.61 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 negative.

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