DANAOS CORP (DAC) Technical Analysis
NYSE:DAC • MHY1968P1218
Current stock price
119.77 USD
-0.64 (-0.53%)
At close:
119.77 USD
0 (0%)
After Hours:
DAC Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to DAC. Both in the recent history as in the last year, DAC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- DAC is part of the Marine Transportation industry. There are 35 other stocks in this industry, of which 61% are performing better than DAC.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that DAC is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, DAC also shows a nice and consistent pattern of rising prices.
- DAC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DAC is lagging the market slightly.
- In the last month DAC has a been trading in the 113.46 - 123.93 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DAC Weekly and Daily overview Charts
DAC Setup Rating and Analysis
Besides having an excellent technical rating, DAC also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 118.68, a Stop Loss order could be placed below this zone.
More info and screens
DAC Support and Resistance Analysis
99.19
122.35
We found 3 important support areas.
- A support zone ranging from 114.72 to 118.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 107.03 to 107.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @100.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 119.78 to 121.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
DAC Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DAC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAC is up. |
| ChartMill Relative Strength | 83.67 | POSITIVE | DAC has a high relative strength, it outperformed 83.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.08 | NEUTRAL | The RSI value for DAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests DAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.4 | NEUTRAL | The Stochastics value for DAC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for DAC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.86 | NEGATIVE | The low ADX value for DAC suggests a weak or negative trend. |
DAC Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
DAC Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 121.15 | 114.71 | 6.44 (5.32%) | 18.81% |
| An entry @121.15. This is a Buy Stop order right above the resistance zone. | An exit @114.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.44 points, which is 5.32%. | For a 1.00% total portfolio risk, you can invest 18.81% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
DAC Technicals: Chart, Performance Metrics, Trend & Indicators
119.77
-0.64 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-0.53%
1 Week2.04%
2 Weeks1.67%
1 Month3.76%
3 Month15.78%
6 Month31.6%
12 Month45.23%
2 Year23.77%
3 Year105.33%
5 Year87.93%
10 Year144.43%
15 Year32.43%
Volatility
ATR(14)2.91
ATR(20)%2.35%
ATR Inc35.25%
Range Today3.2
ADR(20)2.75
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.67
3 months CRS86.96
6 months CRS89.32
Mansfield1.25
10 Day High123.93
10 Day Low114.57
20 Day High123.93
20 Day Low113.46
52 Week High123.93
52 Week Low80.29
CS1 End118.68
CR1 Start119.78
Volume & EV
DER(3)-0.24%
DER(5)0.69%
Volume149.40K
Volume Incr23.18%
Vol(5)80.18K
Vol(50)82.76K
DANAOS CORP / DAC TA FAQ
What is the technical rating for DAC stock?
ChartMill assigns a technical rating of 10 / 10 to DAC.
What is the trend direction for DAC stock?
The current trend direction for DANAOS CORP (DAC) is Bullish.
What is the RSI signal for DANAOS CORP (DAC) stock?
DANAOS CORP (DAC) has an RSI value of 58.0849. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DANAOS CORP?
The MACD indicator for DANAOS CORP (DAC) has a value of 0.102075, indicating a bearish trend.
Can you provide the short term momentum for DANAOS CORP?
The short term momentum for DANAOS CORP (DAC) is positive.