Danaos Technical Analysis (NYSE:DAC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The DAC stock chart pattern can give those who understand technical analysis an indication of which way DAC stock is headed, but cannot predict with 100% certainty as to what can happen to the Danaos stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Danaos. Technical analysis uses an approach for Danaos stock analysis that does not care for the fair value of a company but uses price and volume data only.
Danaos Moving Average
Moving averages show the average price of DAC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.28 is above the price of $1.25.
Danaos Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the DAC stock. Danaos bollinger bands show that the stock price is $1.25, upper band is 1.34, lower band is 1.23, and the average is 1.28.
Danaos Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Danaos MACD indicator is below 0 indicating a bearish trend.
Danaos Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 47.37 is the RSI value of DAC stock.