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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 2024-10-25 View latest technical analysis

10 day averaged volume of Danaos Corporation is 102680

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	82.84	82.72	84.03	82.43	0.707 times
24 Thu Oct 2024	82.08	82.42	82.42	81.26	1.035 times
23 Wed Oct 2024	81.85	84.99	85.73	81.55	0.904 times
22 Tue Oct 2024	85.28	85.39	85.79	85.05	0.847 times
21 Mon Oct 2024	85.30	84.15	85.65	83.79	1.286 times
18 Fri Oct 2024	84.42	83.79	84.68	83.20	0.951 times
17 Thu Oct 2024	83.12	83.31	83.38	82.46	0.533 times
16 Wed Oct 2024	83.58	83.02	83.90	82.46	1.225 times
15 Tue Oct 2024	82.47	84.80	84.80	82.40	1.757 times
14 Mon Oct 2024	85.24	86.59	86.59	85.02	0.759 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 83.3, but if it comes above 83.3, then a intra day buy could be more profitable.
If you take a sell trade below 83.3, then use 83.3 as stoploss and 81.1 as target. However if you take a buy trade in stock , then use 83.3 as stoploss and 85.19 as target.

Share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Target	74.77
Downside Target	77.56
Downside Target	81.05
Upside Target	85.00
Upside Target	87.11
Upside Target	87.22
Upside Target	88.38
Upside Target	88.46
Upside Target	89.08
Upside Target	93.87
Upside Target	98.25

Intraday share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Intraday Target	80.8
Downside Intraday Target	78.77
Upside Intraday Target	85.33
Upside Intraday Target	87.83
Upside Intraday Target	83.3

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	82.84	84.15	85.79	81.26	0.915 times
18 Fri Oct 2024	84.42	86.59	86.59	82.40	0.807 times
11 Fri Oct 2024	86.96	86.73	88.38	85.00	1.466 times
04 Fri Oct 2024	86.61	86.20	88.46	85.59	0.697 times
27 Fri Sep 2024	85.98	81.16	87.11	81.05	1.343 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
25 Fri Oct 2024	82.84	86.37	88.46	81.26	0.952 times
30 Mon Sep 2024	86.74	81.71	87.22	74.77	0.928 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Danaos Corporation stock for short term is SELL. Signal strength is Weak and stock is losing 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 green color and prices are in or below the green 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 83.57 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 positive

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