The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 23.6% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 3/15/2024 -
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Danaher Corp. (DHR) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergence
Daily :The price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Danaher Corp. (DHR). During the week, the DHR dropped -4.29 points, or -1.69%, and closed at 249.40 on Friday, March 15, 2024. It was the worst weekly loss since January 12, 2024. DHR was trading at average weekly trading volume.

Long-term trend: [See DHR long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 182.09 and reached 259.00 on March 4, 2024. DHR gained -76.91 points, or -42.24%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (254.61) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See DHR medium-term trend chart]
A medium-term uptrend had started on January 18, 2024 at 222.53 and reached 259.00 on March 4, 2024. DHR gained -36.47 points, or -16.39%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (257.80) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See DHR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See DHR short-term trend chart]
A short-term downtrend had started on March 4, 2024 at 259.00 and reached 249.14 on March 15, 2024. DHR lost 9.86 points, or 3.81%, in 11 days. Price is near the trend low.

Daily Technical Indicators: [See DHR daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 4, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.51%) is close to one year low (3.82%). It is 67.11% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.31
Williams' Percentage Range (W%R) 64.10
Lane's Stochastic (%D-Slow) 28.79
Greed/Fear Indicator (GFI) 36.68
Moving Average Converg./Diverg. (MACD) 3.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.00
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 88.80
Overbought Bearish
Greed/Fear Indicator (GFI) 78.66
Moving Average Converg./Diverg. (MACD) 0.82
Trading Signals
Description Value Chart
Monthly Trendline Resistance 263.82
Quarterly Trendline Resistance 262.84
Monthly Trendline Support 257.80
Parabolic System 256.23
Upper Bollinger Band 255.78
Weekly Stochastic Crossing 255.37
Quarterly Trendline Support 254.61
20 Day Moving Average 253.07
Daily Stochastic Crossing 251.50
Price 249.40
Lower Bollinger Band 247.02
50 Day Moving Average 243.19
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Equipment 81
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 259.00
High Date 03/04/2024
Low 249.14
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 259.00
High Date 03/04/2024
Low 249.14
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 263.82
Support 257.80
Low 222.53
Low Date 01/18/2024
High 259.00
High Date 03/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 262.84
Support 254.61
Low 182.09
Low Date 10/30/2023
High 259.00
High Date 03/04/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 333.96
High Date 09/10/2021
Low 182.09
Low Date 10/30/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.