DANAOS CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	DAC
ISIN:	MHY1968P1051

DANAOS CORP. - Daily - Technical analysis published on 03/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 48.66 USD

My targets

55.79 USD (+4.57%)

67.11 USD (+25.80%)

My analysis

DANAOS CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 48.66 USD. The next resistance located at 55.79 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 67.11 USD. After this resistance, buyers could then target 107.45 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by renierlemmens. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DANAOS CORP. rating 53.35 USD. The price registered an increase of +8.48% on the session and was between 48.51 USD and 54.20 USD. This implies that the price is at +9.98% from its lowest and at -1.57% from its highest.

48.51

54.20

53.35

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DANAOS CORP.:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of DANAOS CORP. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Black gravestone / inverted hammer

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	32.98	37.74	42.00	53.35	107.45	549.50
Change (%)	-38.18%	-29.26%	-21.27%	-	+101.41%	+929.99%
Change	-20.37	-15.61	-11.35	-	+54.10	+496.15
Level	Minor	Major	Major	-	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	44.24	46.38	49.86	52.00	55.48	57.62	61.10
Camarilla	51.81	52.32	52.84	53.35	53.87	54.38	54.90
Woodie	44.92	46.72	50.54	52.34	56.16	57.96	61.78
Fibonacci	46.38	48.52	49.85	52.00	54.14	55.47	57.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.57	32.34	40.03	44.80	52.49	57.26	64.95
Camarilla	44.30	45.45	46.59	47.73	48.87	50.01	51.16
Woodie	29.04	33.07	41.50	45.53	53.96	57.99	66.42
Fibonacci	32.34	37.10	40.04	44.80	49.56	52.50	57.26

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.76	18.89	30.21	37.34	48.66	55.79	67.11
Camarilla	36.47	38.16	39.85	41.54	43.23	44.92	46.61
Woodie	13.87	19.94	32.32	38.39	50.77	56.84	69.22
Fibonacci	18.89	25.94	30.29	37.34	44.39	48.74	55.79

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	74.20
MACD (12,26,9):	4.4500
Directional Movement:	19.06
AROON (14):	71.43
DEMA (21):	50.02
Parabolic SAR (0,02-0,02-0,2):	41.28
Elder Ray (13):	4.67
Super Trend (3,10):	40.11
Zig ZAG (10):	53.35
VORTEX (21):	1.1300
Stochastique (14,3,5):	88.01
TEMA (21):	51.14
Williams %R (14):	-4.22
Chande Momentum Oscillator (20):	11.00
Repulse (5,40,3):	8.4800
ROCnROLL:	1
TRIX (15,9):	1.5000
Courbe Coppock:	46.33

MA7:	49.57
MA20:	43.57
MA50:	36.10
MA100:	25.47
MAexp7:	49.15
MAexp20:	44.32
MAexp50:	36.83
MAexp100:	28.67
Price / MA7:	+7.63%
Price / MA20:	+22.45%
Price / MA50:	+47.78%
Price / MA100:	+109.46%
Price / MAexp7:	+8.55%
Price / MAexp20:	+20.37%
Price / MAexp50:	+44.85%
Price / MAexp100:	+86.08%

Quotes : 2021-03-19 19:59:59 - 15 min delayed data - NYSE Stocks

News

The last news published on DANAOS CORP. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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