DANAOS CORP (DAC) Stock Technical Analysis
NYSE:DAC - New York Stock Exchange, Inc. - MHY1968P1218 - Common Stock - Currency: USD
Overall DAC gets a technical rating of 6 out of 10. DAC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
DAC is one of the better performing stocks in the Marine Transportation industry, it outperforms 89% of 29 stocks in the same industry.
In the last month DAC has a been trading in the 76.65 - 86.60 range, which is quite wide. It is currently trading near the high of this range.
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 69% of all stocks.
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.
DAC has an average technical rating and the quality of the presented setup is also not ideal 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
75.03
87.35
When analyzing the support we can see 3 important areas.
- A support zone ranging from 79.85 to 81.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.42 from a trend line in the weekly time frame.
- A support zone ranging from 75.79 to 77.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @86.49 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.52
Mansfield-0.36
10 Day High86.6
10 Day Low79.19
20 Day High86.6
20 Day Low76.65
52 Week High98.25
52 Week Low69.33
Performance
1 Week2.67%
2 Weeks6.43%
1 Month9.25%
3 Month-1.39%
6 Month2.68%
12 Month15.42%
2 Year45.64%
3 Year-9.55%
5 Year1580.95%
10 Year-3.79%
15 Year50.16%
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)
Technical Indicators
MACD(12,26,9)0.51
RSI(14)62.11
LBB77.71
UBB86.79
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 |
|---|---|---|---|
| 86.50 | 79.18 | 7.32 (8.46%) | 11.82% |
| An entry @86.50. This is a Buy Stop order right above the resistance zone. | An exit @79.18. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.32 points, which is 8.46%. | When investing 11.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
84.72
-1.01 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-1.18%
1 Week2.67%
2 Weeks6.43%
1 Month9.25%
3 Month-1.39%
6 Month2.68%
12 Month15.42%
2 Year45.64%
3 Year-9.55%
5 Year1580.95%
10 Year-3.79%
15 Year50.16%
Volatility
ATR(14)1.92
ATR(20)%2.13%
ATR Inc11.87%
Range Today2.12
ADR(20)1.74
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.52
Mansfield-0.36
10 Day High86.6
10 Day Low79.19
20 Day High86.6
20 Day Low76.65
52 Week High98.25
52 Week Low69.33
CS1 End81.1
CR1 Start86.49
Volume & EV
DER(3)-3.11%
DER(5)0.27%
Volume105.30K
Volume Incr-5.01%
Vol(5)108.26K
Vol(50)114.29K