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DAC forms Slingshot Bullish on August 4

SwingTradeBot Nightly Stock Scan: Danaos Corporation (DAC) — Technical Patterns & Alerts · Aug 4, 2026, 17:51 ET
On Tuesday, August 4th, DAC moved down 2.26% while volume surged to 2.1× the usual levels. The unusually high volume suggests institutional participation in today's move. Slingshot Bullish — typically a warning sign for traders — developed during the session. Key support levels exist at 135.49, 132.11 & 128.85, with resistance at 142.13, 145.39 & 148.77. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.

Current SwingTradeBot Technical Rating of DAC: A

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Danaos Corporation (DAC)