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Stock Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Danaos Corporation (NYSE:DAC)

Weak Downtrend (-65) - DAC is showing signs of a strengthening downtrend. Monitor DAC as it may be building momentum to the downside.

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.

NYSE_DAC
Open High Low DAC Price Change
72.54 72.92 71.79 72.02 -0.05
Entry Signal

MarketClub’s Trade Triangles for DAC

long term up The long-term trend has been UP since Dec 1st, 2023 at 70.56

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 71.55

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 72.57

Smart Scan Analysis for DAC

Based on our trend formula, DAC is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for DAC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
72.54 72.92 71.79 72.02 -0.05
Prev. Close Volume Bid Ask Time
72.07 73910 2024-04-18 15:59:08
Year High2.5Year High Date2018-07-09
Year Low1.01Year Low Date2018-10-30
52wk High80.3952wk High Date2024-01-05
52wk Low53.8952wk Low Date2023-05-04
Year End Close2.75Average Volume86,712
Shares Outstanding20,449Short Interest34,266
% Institutional5.4Market Cap112M
Assets366,113,600MLiabilities644,819,000M
P/E Ratio2.4895Beta1.51
Volatility69.06
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