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Stock Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
Danaos Corporation (NYSE:DAC)
Countertrend Up (+85) - DAC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DAC?
MarketClub looks at technical strength and momentum to determine if the timing is right for DAC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DAC
The long-term trend has been UP since Feb 2nd, 2023 at 62.49
The intermediate-term trend has been UP since May 15th, 2023 at 58.82
The short-term trend has been DOWN since May 30th, 2023 at 57.89
Smart Scan Analysis for DAC
Based on our trend formula, DAC is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 58.500 | 59.620 | 58.500 | 59.495 | +1.165 |
| Prev. Close | Volume | Bid | Ask | Time |
| 58.330 | 158489 | 2023-06-01 15:45:24 |
| Year High | 2.5 | Year High Date | 2018-07-09 |
| Year Low | 1.01 | Year Low Date | 2018-10-30 |
| 52wk High | 87.115 | 52wk High Date | 2022-06-02 |
| 52wk Low | 51.1 | 52wk Low Date | 2022-12-19 |
| Year End Close | 2.75 | Average Volume | 163,663 |
| Shares Outstanding | 20,449 | Short Interest | 34,266 |
| % Institutional | 5.4 | Market Cap | 112M |
| Assets | 340,022,800M | Liabilities | 839,814,000M |
| P/E Ratio | 2.1382 | Beta | 1.51 |
| Volatility | 69.06 |