DAC Technical Analysis - DANAOS CORP

Technical Rating and Analysis

Taking everything into account, DAC scores 0 out of 10 in our technical rating. DAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

72% of all other stocks performed better in the past year than DAC.

In the last month DAC has a been trading in the 83.56 - 95.52 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

DAC is an average performer in the Marine Transportation industry, it outperforms 64% of 35 stocks in the same industry.

DAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DAC is lagging the market.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

DAC has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

69.43

97.74

We found 2 important support areas.

A support zone ranging from 84.04 to 84.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 95.07 to 96.77. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for DAC is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DAC is down.
ChartMill Relative Strength	28.87	NEGATIVE	DAC has a low relative strength, it was outperformed by 71.13% off all stocks 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)	DOWN	NEGATIVE	The current price of DAC is below a declining 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)	21.49	OVERSOLD	The low RSI value suggests DAC may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.67	NEGATIVE	The MACD value suggests DAC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	7.03	OVERSOLD	The low Stochastics value suggests DAC may be oversold.
Average True Range in percent/ATR (20)	2.05	MEDIUM VOLATILITY	The ATR as a percentage value for DAC suggests some volalility.
Average Directional Index/ADX (14)	40.89	POSITIVE	The high ADX value value for DAC suggests a strong trend.