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Danaos Corporation

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DAC trade ideas

Danaos Corporation $DACBullish Scenario: Entry Point: Initiate a long position upon a confirmed break above $86.00, marking a breach of resistance and potential bullish reversal. Target Levels: $92.00 (Average Analyst Target), $105.00 (Max Estimate) Stop Loss: Set at $80.00 to mitigate downside risk. Bearish Scenario: Entry Point: Short positions should be considered if DAC breaks below $80.00, signaling a breakdown below recent support. Target Levels: $75.00 (Intermediate Support), $70.00 (Key Support Level) Stop Loss: Place at $84.00 to protect against sudden reversals. Danaos Corporation presents a mixed technical outlook with conflicting signals across various indicators. The RSI's neutral stance combined with bearish short-term moving averages suggests cautious optimism. However, bullish investors might find opportunities on breakouts above $86.00, while bears can capitalize on breakdowns below $80.00. The projected price target of $92.00 reflects a 12.02% upside from current levels, contingent upon market conditions and upcoming earnings performance. Investors should closely monitor sector developments and technical indicators for strategic entry and exit points.
NYSE:DAC
by AxiomEx
DAC: Navigating Opportunities in the Maritime Shipping SectorDanaos Corporation (NYSE:DAC) , one of the world's largest independent shipowners specializing in container shipping, represents an attractive investment opportunity in light of the sustainable recovery and growth of global trade post-COVID-19 pandemic. The company owns and operates one of the world's largest fleets of container ships, allowing it to benefit from increasing volumes of international trade and the growing demand for maritime transport. Thanks to strategic fleet management and operational efficiency, Danaos demonstrates strong financial results, strengthening its market position. In recent years, the company has actively worked on modernizing and expanding its fleet, investing in environmentally friendly and energy-efficient vessels. This not only improves Danaos' environmental profile but also enhances its competitiveness, considering increasingly strict international emission standards in the maritime industry. The growing demand for maritime transport, combined with the limited increase in new vessels in the global fleet, creates favorable conditions for rising freight rates and improved profitability for Danaos. The company also benefits from long-term charter contracts, providing a stable revenue stream and visibility of future cash flows. However, investors need to consider the risks associated with volatility in the maritime shipping sector, including fluctuations in freight rates, changes in international trade policy, and potential environmental regulations. Despite these challenges, Danaos possesses strong strategic positions and operational efficiency to navigate through market fluctuations. In conclusion, Danaos Corporation presents an investment opportunity for those seeking exposure in the maritime shipping sector, which shows signs of sustainable recovery and growth. With its leading market positions, modernized fleet, and strategic focus on energy efficiency, DAC may offer investors attractive growth prospects. NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
NYSE:DACLong
by olimchik
Very interesting Stock Another interesting stock, in June the moving average of 50 periods went below the moving average of 200 periods which creates what is called in technical analysis a dead cross, and since then the price was always under the moving average of 200 periods. Now the price reaches a price level of 57.68 already used in the past as support in May and in June 2021. The downtrend has started and there are many chances that will not stop, due to the financial situation and the spectrum of recession. Plus this stock start to rise in 2020 a period when the stock market was euphoric. My vision is short.
NYSE:DACShort
by tassrjfly
Bounce Risk for Selling ShortStocks that are falling rapidly often have the illusion that they will never stop falling. The panic that settles into the mindset of an investor who is watching his or her profits and capital erode overnight can overwhelm a stock’s price action. So for a brief time, the stock can behave outside of what the chart patterns would suggest was reasonable. But the higher risk is always the bounce. Stocks can bounce without warning. Huge up days that form in a downtrend can cause significant losses for short sellers. A stock bounces because it hits a price point where: 1. b uyers are waiting to go long 2. where large-lot short sellers are preparing to exit Monthly and yearly highs are areas where there is risk for a bounce. These bounces are often caused by small-lot investors and traders perceiving this as a good place to buy a stock that has corrected. The old adage, “buy low and sell high,” prompts the uninformed to buy as a stock is running down without understanding the dynamics of a downtrend. So they buy at monthly and yearly highs when they are called out by the various news and trading chat forums: “XYZ has hit its 52-week price, this is a good time to buy XYZ.” Another big bounce area is far more important: the monthly lows and yearly lows. This is the price range where the wiser bargain hunters and bottom fishers lurk around. They know that low area is solid support and that a downtrending correction isn’t going to last on a strong company. Therefore, lows pose even bigger risk of bounces that actually can reverse the downtrend, especially if the steep descent has been underway for some time. A stock may nearly pierce through a sturdy support level, reach the yearly low and then suddenly make a V-shaped short-term bottom or shift sideways depending upon the strength of the stock and company. These sudden changes of trend catch many short traders unaware and create larger losses than monthly and yearly highs. Sideways patterns also create sturdy support levels where large bounces can occur for the rapidly falling stock. Moving averages for long-term trendlines are another area of strong support where bounce risk is high. How to avoid bounces for selling short: Identify each area where a stock could bounce. This includes the highs and lows of sideways action from prior years. Identify long-term moving average support on weekly charts. Identify monthly and yearly the highs and lows. After you have identified all support areas, determine if this support will be weak, moderate, or strong. Weak support will seldom cause problems for a falling stock and usually a resting day, at best, will form. Moderate support can cause a bounce that can take out tight stop losses and strong support can potentially wipe out a wider stop loss for a bigger loss. It is important to calculate the point gain to the lean side when selling short because bounces can occur before the support is actually touched. And do not be fooled by the falling stock that runs just beyond the support level--often a small run beyond the lowest low is just a ‘gottcha’ sell short entry for bargain hunters. This is the area where you will find the larger reversal candle patterns. Selling short is a faster-paced trading condition. It can be more lucrative with faster profits than the upside at times, but you must have plenty of experience to watch for high-risk areas in the downtrend and a strong mental attitude that allows you to cut losses quickly.
NYSE:DACEducation
by MarthaStokesCMT-TechniTrader
DAC, Good way to play the marine shipping group I have taken a long on todays price action. I really like this story because I think they are the best way to gain exposure to the marine shipping group while being more protected against the eventual return to normal of shipping costs. DAC charters to marine shipping companies. I was originally looking into ZIM and EGLE as potential buy candidates, in that order. I loved ZIM's chart and relative strength but then I discovered they lease all their freighters and since charter rates are up I decided that EGLE , which also has a nice chart and fundamentals but owns its ships outright would outperform . But, then I decided on an option better than both those plays . Why not buy a strong name that charters to the distributors ? Afterwards I found DAC. In short, delivery costs are way up ,50% more on some contracts apparently ! . But , so are charter costs :). I think that delivery costs will eventually cool down but there is a good possibility that charter costs will remain somewhat elevated going forward and is potentially a smarter play . *I see that DAC's institution ownership has gone up Q/Q and that their fund ownership accounts for 51% of float . *The group is strong. *The earning and sales data are very good 2021 and 2022 eps both revised up. Forecasted EPS within the 13$ annual range . *I also really like that although much of the shipping industry was trending significant losing years around 2014 , DAC was profitable every year around that period . Earnings are due May 10th so be aware , but took a starter today .
NYSE:DACLong
by NAK1987
DANAOS Shipping is Up 1500% Over 12 months.Was just having a bit of a look around to see what has been running smoothly and avoiding all the turmoil that the tech stocks are currently going through and spotted Danaos. From their website, Danaos Corporation is one of the largest independent owners of modern, large-size containerships and charter their containerships on long-term contracts at fixed rates to many of the world's largest liner companies. With the bit of a blip caused by the EverGreen ship stuck and now freed in the Suez Canal, it will be interesting to see if this continues its run. Could be worth a look.
NYSE:DACLong
by zAngus
5