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Archive
- 11/15/2024 -
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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 dropped -15.10 points, or -6.15%, and closed at 230.30 on Friday, November 15, 2024. Weekly volume was 18% above average.
DHR is a member of Health Care Sector. Health Care is the 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. The price is now at the 51.60% retracement 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 229.00 on November 15, 2024. DHR lost 52.70 points, or 18.71%, in 15 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See DHR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 below its signal line since October 11, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 1, 2024 at 253.00 and reached 229.00 on November 15, 2024. DHR lost 24.00 points, or 9.49%, in 14 days. The price is now at the 5.42% retracement level.
Daily Technical Indicators: [See DHR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since October 21, 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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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