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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 2024-09-11 View latest technical analysis

10 day averaged volume of Danaos Corporation is 93284

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	78.39	76.00	79.01	76.00	1.127 times
10 Tue Sep 2024	75.79	77.07	77.07	74.77	1.106 times
09 Mon Sep 2024	77.01	77.10	78.00	76.83	0.877 times
06 Fri Sep 2024	77.07	78.36	78.99	76.57	1.769 times
05 Thu Sep 2024	78.99	79.52	79.84	78.22	1.144 times
04 Wed Sep 2024	79.16	79.47	80.32	78.99	1.365 times
03 Tue Sep 2024	79.47	81.71	82.00	78.64	1.364 times
30 Fri Aug 2024	82.04	82.10	82.44	81.38	0.535 times
30 Fri Aug 2024	82.04	82.10	82.44	81.38	0.535 times
29 Thu Aug 2024	81.54	82.00	82.24	81.22	0.546 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 78.6, but if it comes above 78.6, then a intra day buy could be more profitable.
If you take a sell trade below 78.6, then use 78.6 as stoploss and 75.8 as target. However if you take a buy trade in stock , then use 78.6 as stoploss and 80.87 as target.

Share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Target	74.77
Upside Target	81.20
Upside Target	82.40
Upside Target	82.44
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	75.77
Downside Intraday Target	73.15
Upside Intraday Target	80.01
Upside Intraday Target	81.63
Downside Intraday Target	77.39

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	78.39	77.10	79.01	74.77	0.551 times
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

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
11 Wed Sep 2024	78.39	81.71	82.00	74.77	0.351 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 losing momentum.

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

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Danaos Corporation in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 78.62 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.