DAC Technical Analysis - DANAOS CORP

Technical Rating and Analysis

Taking everything into account, DAC scores 5 out of 10 in our technical rating. In the last year, DAC was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

DAC is part of the Marine Transportation industry. There are 35 other stocks in this industry. DAC outperforms 79% of them.

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.

When comparing the performance of all stocks over the past year, DAC turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.

In the last month DAC has a been trading in the 90.71 - 96.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

DAC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 91.97, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

69.43

97.74

When analyzing the support we can see 3 important areas.

A support zone ranging from 91.21 to 91.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @71.31 from a trend line in the weekly time frame.
Support @70.13 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 92.87 to 96.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The short term trend for DAC is neutral.
ChartMill Relative Strength	57.21	NEUTRAL	DAC is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DAC is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of DAC is below 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)	45.52	NEUTRAL	The RSI value for DAC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.28	NEGATIVE	The MACD value suggests DAC has a negative trend.
Stochastics (14,3)	41.31	NEUTRAL	The Stochastics value for DAC is a neutral value.
Average True Range in percent/ATR (20)	1.77	LOW VOLATILITY	The low ATR as a percentage value for DAC suggests low volalility.
Average Directional Index/ADX (14)	12.89	NEGATIVE	The low ADX value for DAC suggests a weak or negative trend.