DANAOS CORP (DAC) Stock Technical Analysis
NYSE:DAC - New York Stock Exchange, Inc. - MHY1968P1218 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to DAC. Although DAC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
DAC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 90.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 89.24, a Stop Loss order could be placed below this zone.
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69.43
3 important support areas can be observed.
- A support zone ranging from 85.70 to 90.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @83.63 from a horizontal line in the daily time frame.
- A support zone ranging from 70.13 to 70.58. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @90.58 from a horizontal line in the daily time frame.
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 | 60.92 | NEUTRAL | DAC is not amongst the best or worst performers 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) | 55.59 | NEUTRAL | The RSI value for DAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.84 | OVERBOUGHT | The high Stochastics value suggests DAC may be overbought. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for DAC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.37 | NEUTRAL | The ADX value for DAC suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 90.59 | 86.47 | 4.12 (4.55%) | 21.99% |
| An entry @90.59. This is a Buy Stop order right above the resistance zone. | An exit @86.47. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.12 points, which is 4.55%. | For a 1.00% total portfolio risk, you can invest 21.99% 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.
NYSE:DAC (7/22/2025, 1:48:29 PM)
90.04
+0.79 (+0.89%)