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Stock Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Danaos Corporation (NYSE:DAC)
Bull Market Weakness (+75) - DAC is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DAC as it may be in the beginning stages of a reversal.
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 Dec 1st, 2023 at 70.56
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 71.55
The short-term trend has been UP since Apr 19th, 2024 at 72.92
Smart Scan Analysis for DAC
Based on our trend formula, DAC is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 74.6000 | 74.8633 | 73.6250 | 73.8800 | -0.4500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 73.9100 | 79094 | 2024-04-24 15:59:59 |
| Year High | 2.5 | Year High Date | 2018-07-09 |
| Year Low | 1.01 | Year Low Date | 2018-10-30 |
| 52wk High | 80.39 | 52wk High Date | 2024-01-05 |
| 52wk Low | 53.89 | 52wk Low Date | 2023-05-04 |
| Year End Close | 2.75 | Average Volume | 84,006 |
| Shares Outstanding | 20,449 | Short Interest | 34,266 |
| % Institutional | 5.4 | Market Cap | 112M |
| Assets | 366,113,600M | Liabilities | 644,819,000M |
| P/E Ratio | 2.553 | Beta | 1.51 |
| Volatility | 69.06 |