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Archive
- 7/19/2024 -
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Danaher Corp. (DHR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Danaher Corp. (DHR). During the week, the DHR dropped -2.96 points, or -1.20%, and closed at 243.54 on Friday, July 19, 2024. Weekly volume was 7% above average.
 Long-term trend: [See DHR long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 182.09 and reached 269.11 on June 6, 2024. DHR gained -87.02 points, or -47.79%, in 31 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (256.94) 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 downtrend had started on June 6, 2024 at 269.11 and reached 237.95 on July 8, 2024. DHR lost 31.16 points, or 11.58%, in 4 weeks. The price is now at the 17.94% 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 June 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 July 8, 2024 at 237.95 and reached 255.46 on July 18, 2024. DHR gained -17.51 points, or -7.36%, in 10 days. The price is now at the 68.08% retracement level.
Daily Technical Indicators: [See DHR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
5 |
| Industry |
Health Care Equipment |
39 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
255.46 |
| High Date |
07/18/2024 |
| Low |
241.00 |
| Low Date |
07/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
237.95 |
| Low Date |
07/08/2024 |
| High |
255.46 |
| High Date |
07/18/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
269.11 |
| High Date |
06/06/2024 |
| Low |
237.95 |
| Low Date |
07/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
273.55 |
| Support |
256.94 |
| Low |
182.09 |
| Low Date |
10/30/2023 |
| High |
269.11 |
| High Date |
06/06/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
333.96 |
| High Date |
09/10/2021 |
| Low |
182.09 |
| Low Date |
10/30/2023 |
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