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Health Care Equipment Industry Stocks Technical Analysis - DHRArchive
- 11/8/2024 -
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Danaher Corp. (DHR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Danaher Corp. (DHR). During the week, the DHR gave back -2.40 points, or -0.97%, and closed at 245.40 on Friday, November 8, 2024. Weekly volume was -10% below average.
DHR is a member of Health Care Sector. Health Care is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DHR long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 182.09 and reached 281.70 on August 1, 2024. DHR gained -99.61 points, or -54.70%, in 39 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See DHR medium-term trend chart]
A medium-term downtrend had started on August 1, 2024 at 281.70 and reached 241.10 on October 30, 2024. DHR lost 40.60 points, or 14.41%, in 12 weeks. The price is now at the 10.59% retracement level.
 Weekly Technical Indicators: [See DHR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 11, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See DHR short-term trend chart]
A short-term uptrend had started on October 30, 2024 at 241.10 and reached 253.00 on November 1, 2024. DHR gained -11.90 points, or -4.94%, in 2 days. Price is near the Fibonacci 61.8% retracement level.
 Daily Technical Indicators: [See DHR daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 21, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The distance between the Bollinger Bands is 110.62% higher then one year average. It indicates the period of high volatility of the stock price. 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.
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