Learn to Evaluate (DAC) using the Charts
November 11, 2024, 14:46 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DAC
- Buy DAC near 80.6 target 87.72 stop loss @ 80.37 Details
The technical summary data tells us to buy DAC near 80.6 with an upside target of 87.72. This data also tells us to set a stop loss @ 80.37 to protect against excessive loss in case the stock begins to move against the trade. 80.6 is the first level of support below 81.01 , and by rule, any test of support is a buy signal. In this case, support 80.6 would be being tested, so a buy signal would exist.
- Short DAC slightly under 87.72, target 80.6, stop loss @ 87.97 Details
The technical summary data is suggesting a short of DAC as it gets near 87.72 with a downside target of 80.6. We should have a stop loss in place at 87.97though. 87.72 is the first level of resistance above 81.01, and by rule, any test of resistance is a short signal. In this case, if resistance 87.72 is being tested, so a short signal would exist.
Swing Trading Plans for DAC
- Buy DAC slightly over 83.1, target 87.72, Stop Loss @ 82.86 Details
If 83.1 begins to break higher, the technical summary data tells us to buy DAC just slightly over 83.1, with an upside target of 87.72. The data also tells us to set a stop loss @ 82.86 in case the stock turns against the trade. 83.1 is the first level of resistance above 81.01, and by rule, any break above resistance is a buy signal. In this case, 83.1, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DAC slightly near 83.1, target 80.94, Stop Loss @ 83.34. Details
The technical summary data is suggesting a short of DAC if it tests 83.1 with a downside target of 80.94. We should have a stop loss in place at 83.34 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 83.1, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DAC
- Buy DAC slightly over 81.58, target 82.85, Stop Loss @ 81.39 Details
If 81.58 begins to break higher, the technical summary data tells us to buy DAC just slightly over 81.58, with an upside target of 82.85. The data also tells us to set a stop loss @ 81.39 in case the stock turns against the trade. 81.58 is the first level of resistance above 81.01, and by rule, any break above resistance is a buy signal. In this case, 81.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DAC slightly near 81.58, target 80.94, Stop Loss @ 81.77. Details
The technical summary data is suggesting a short of DAC if it tests 81.58 with a downside target of 80.94. We should have a stop loss in place at 81.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 81.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Danaos Corporation (DAC) available here: DAC.
DAC Ratings for November 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
80.6 |
| P2 |
81.58 |
80.94 |
87.72 |
| P3 |
82.85 |
83.1 |
95.41 |
AI Generated Signals for DAC
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Danaos Corporation (NYSE: DAC) report below can help you understand how to do this. The trading plans for DAC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DAC:
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