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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.

NYSE_DAC
Open High Low DAC Price Change
58.500 59.620 58.500 59.495 +1.165
Entry Signal

MarketClub’s Trade Triangles for DAC

long term up The long-term trend has been UP since Feb 2nd, 2023 at 62.49

intermediate term up The intermediate-term trend has been UP since May 15th, 2023 at 58.82

short term down 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).

+85
Smart Scan Analysis for DAC
Strong Downtrend Sideways 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 High2.5Year High Date2018-07-09
Year Low1.01Year Low Date2018-10-30
52wk High87.11552wk High Date2022-06-02
52wk Low51.152wk Low Date2022-12-19
Year End Close2.75Average Volume163,663
Shares Outstanding20,449Short Interest34,266
% Institutional5.4Market Cap112M
Assets340,022,800MLiabilities839,814,000M
P/E Ratio2.1382Beta1.51
Volatility69.06
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