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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 2024-05-28 View latest technical analysis

10 day averaged volume of Danaos Corporation is 114012

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	87.95	87.71	89.79	87.00	2.252 times
24 Fri May 2024	90.59	88.50	90.95	88.50	1.377 times
23 Thu May 2024	88.20	86.60	88.45	86.55	1.395 times
22 Wed May 2024	86.28	86.01	86.48	85.00	0.848 times
21 Tue May 2024	86.22	85.44	86.24	85.19	1.142 times
20 Mon May 2024	85.86	85.00	86.28	84.88	0.961 times
17 Fri May 2024	85.15	85.61	86.35	84.84	1.042 times
16 Thu May 2024	85.31	84.47	85.77	83.86	0.711 times
15 Wed May 2024	84.38	84.52	85.00	83.48	0.758 times
14 Tue May 2024	84.58	83.50	84.68	82.65	1.053 times

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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 87.1, but if it comes below 87.1, then a intra day sell could be more profitable.
If you take a sell trade below 87.1, then use 87.1 as stoploss and 83.08 as target. However if you take a buy trade in stock , then use 87.1 as stoploss and 92 as target.

Share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Target	69.33
Downside Target	73.10
Downside Target	80.39
Downside Target	82.65
Downside Target	84.84
Downside Target	84.88
Downside Target	86.35
Downside Target	87.00
Upside Target	89.79
Upside Target	90.95

Intraday share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Intraday Target	86.7
Downside Intraday Target	85.46
Upside Intraday Target	89.49
Upside Intraday Target	91.04
Upside Intraday Target	88.25

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	87.95	87.71	89.79	87.00	0.394 times
24 Fri May 2024	90.59	85.00	90.95	84.88	1.339 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

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
28 Tue May 2024	87.95	76.35	90.95	75.90	1.187 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 losing momentum.

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

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

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 86.87 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.