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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 2024-07-18 View latest technical analysis

10 day averaged volume of Danaos Corporation is 95230

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	86.08	87.44	87.61	85.17	0.947 times
17 Wed Jul 2024	87.20	87.74	87.97	86.77	0.645 times
16 Tue Jul 2024	88.11	87.89	88.50	87.26	0.545 times
15 Mon Jul 2024	87.60	87.39	88.70	87.39	0.462 times
12 Fri Jul 2024	87.25	89.57	89.57	87.17	0.918 times
11 Thu Jul 2024	89.30	89.57	90.44	88.98	0.733 times
10 Wed Jul 2024	89.22	87.00	89.94	86.85	0.938 times
09 Tue Jul 2024	86.85	87.47	87.99	86.53	1.989 times
08 Mon Jul 2024	87.63	89.50	89.50	87.50	2.386 times
05 Fri Jul 2024	89.68	92.10	92.28	89.04	0.971 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 87.7, but if it comes above 87.7, then a intra day buy could be more profitable.
If you take a sell trade below 87.7, then use 87.7 as stoploss and 84.7 as target. However if you take a buy trade in stock , then use 87.7 as stoploss and 90.26 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	85.17
Upside Target	88.70
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	84.6
Downside Intraday Target	83.12
Upside Intraday Target	88.13
Upside Intraday Target	90.18
Upside Intraday Target	86.65

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	86.08	87.39	88.70	85.17	0.373 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 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
18 Thu Jul 2024	86.08	93.87	93.87	85.17	0.591 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 but selling 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 87.75 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.