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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 2024-07-15 View latest technical analysis

10 day averaged volume of Danaos Corporation is 111880

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	87.60	87.39	88.70	87.39	0.393 times
12 Fri Jul 2024	87.25	89.57	89.57	87.17	0.781 times
11 Thu Jul 2024	89.30	89.57	90.44	88.98	0.624 times
10 Wed Jul 2024	89.22	87.00	89.94	86.85	0.798 times
09 Tue Jul 2024	86.85	87.47	87.99	86.53	1.693 times
08 Mon Jul 2024	87.63	89.50	89.50	87.50	2.031 times
05 Fri Jul 2024	89.68	92.10	92.28	89.04	0.827 times
03 Wed Jul 2024	92.49	91.72	92.85	91.72	0.352 times
03 Wed Jul 2024	92.49	91.72	92.85	91.72	0.352 times
02 Tue Jul 2024	91.40	91.18	92.09	90.58	1.322 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 88.6, but if it comes above 88.6, then a intra day buy could be more profitable.
If you take a sell trade below 88.6, then use 88.6 as stoploss and 86 as target. However if you take a buy trade in stock , then use 88.6 as stoploss and 90.77 as target.

Share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Target	69.33
Downside Target	71.32
Downside Target	73.10
Downside Target	75.90
Downside Target	86.53
Upside Target	91.71
Upside Target	92.85
Upside Target	93.87
Upside Target	94.63
Upside Target	96.92
Upside Target	98.25

Intraday share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Intraday Target	87.09
Downside Intraday Target	86.59
Upside Intraday Target	88.4
Upside Intraday Target	89.21
Upside Intraday Target	87.9

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	87.60	87.39	88.70	87.39	0.066 times
12 Fri Jul 2024	87.25	89.50	90.44	86.53	5.027 times
05 Fri Jul 2024	89.68	91.72	92.85	89.04	0.407 times
03 Wed Jul 2024	92.49	93.87	93.87	90.58	0.706 times
28 Fri Jun 2024	92.36	92.50	94.63	91.71	1.706 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
15 Mon Jul 2024	87.60	93.87	93.87	86.53	0.503 times
28 Fri Jun 2024	92.36	97.37	98.25	89.08	0.867 times
31 Fri May 2024	96.77	76.35	96.92	75.90	1.431 times
30 Tue Apr 2024	76.51	72.20	77.25	71.32	1.005 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 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 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 gaining momentum.

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

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 moving up

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 88.81 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.