When the Price of (DAC) Talks, People Listen

September 29, 2024, 10:04 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DAC

• Buy DAC near 80.36 target 87.46 stop loss @ 80.13 Details

The technical summary data tells us to buy DAC near 80.36 with an upside target of 87.46. This data also tells us to set a stop loss @ 80.13 to protect against excessive loss in case the stock begins to move against the trade. 80.36 is the first level of support below 85.98 , and by rule, any test of support is a buy signal. In this case, support 80.36 would be being tested, so a buy signal would exist.

• Short DAC slightly under 87.46, target 80.36, stop loss @ 87.71 Details

The technical summary data is suggesting a short of DAC as it gets near 87.46 with a downside target of 80.36. We should have a stop loss in place at 87.71though. 87.46 is the first level of resistance above 85.98, and by rule, any test of resistance is a short signal. In this case, if resistance 87.46 is being tested, so a short signal would exist.

Swing Trading Plans for DAC

• Buy DAC slightly over 87.46, target 95.15, Stop Loss @ 87.21 Details

If 87.46 begins to break higher, the technical summary data tells us to buy DAC just slightly over 87.46, with an upside target of 95.15. The data also tells us to set a stop loss @ 87.21 in case the stock turns against the trade. 87.46 is the first level of resistance above 85.98, and by rule, any break above resistance is a buy signal. In this case, 87.46, 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 87.46, target 85.27, Stop Loss @ 87.71. Details

The technical summary data is suggesting a short of DAC if it tests 87.46 with a downside target of 85.27. We should have a stop loss in place at 87.71 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, 87.46, 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 86.41, target 87.46, Stop Loss @ 86.21 Details

If 86.41 begins to break higher, the technical summary data tells us to buy DAC just slightly over 86.41, with an upside target of 87.46. The data also tells us to set a stop loss @ 86.21 in case the stock turns against the trade. 86.41 is the first level of resistance above 85.98, and by rule, any break above resistance is a buy signal. In this case, 86.41, 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 86.41, target 85.27, Stop Loss @ 86.61. Details

The technical summary data is suggesting a short of DAC if it tests 86.41 with a downside target of 85.27. We should have a stop loss in place at 86.61 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, 86.41, 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 September 29:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	80.36
P2	86.41	85.27	87.46
P3	88.15	87.37	95.15

AI Generated Signals for DAC

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Danaos Corporation (NYSE: DAC) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for DAC can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.