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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 2024-10-29 View latest technical analysis

10 day averaged volume of Danaos Corporation is 102980

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	81.11	81.45	81.98	80.78	0.562 times
28 Mon Oct 2024	81.92	82.85	83.61	81.85	0.782 times
25 Fri Oct 2024	82.84	82.72	84.03	82.43	0.705 times
24 Thu Oct 2024	82.08	82.42	82.42	81.26	1.032 times
23 Wed Oct 2024	81.85	84.99	85.73	81.55	0.901 times
22 Tue Oct 2024	85.28	85.39	85.79	85.05	0.845 times
21 Mon Oct 2024	85.30	84.15	85.65	83.79	1.282 times
18 Fri Oct 2024	84.42	83.79	84.68	83.20	0.949 times
17 Thu Oct 2024	83.12	83.31	83.38	82.46	0.531 times
16 Wed Oct 2024	83.58	83.02	83.90	82.46	1.222 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 82.6, but if it comes above 82.6, then a intra day buy could be more profitable.
If you take a sell trade below 82.6, then use 82.6 as stoploss and 80.1 as target. However if you take a buy trade in stock , then use 82.6 as stoploss and 84.67 as target.

Share price targets for Danaos Corporation (DAC)

Target Type	Value
Downside Target	74.77
Downside Target	77.56
Downside Target	80.78
Upside Target	86.59
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	80.06
Downside Intraday Target	79
Upside Intraday Target	82.89
Upside Intraday Target	84.66
Upside Intraday Target	81.83

Weekly technical analysis of Danaos Corporation (DAC)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	81.11	82.85	83.61	80.78	0.282 times
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

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
29 Tue Oct 2024	81.11	86.37	88.46	80.78	1.016 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 green color and prices are in or below the green 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 negative zone. This is the SELL 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 83.34 and Danaos Corporation (DAC) stock is trading below this level. This means that stock is falling with high volumes. 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 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.