The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 10/23/2026 -
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Danaher Corp. (DHR) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :Broken trend resistance line
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It was a third consecutive positive week for the Danaher Corp. (DHR). During the week, the DHR climbed 1.46 points, or 0.64%, and closed at 230.50 on Friday, October 23, 2026. Weekly volume was 58% above average.

DHR is a member of Health Care Sector. Health Care is the most overbought 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 downtrend had started on August 1, 2024 at 281.70 and reached 160.93 on May 15, 2026. DHR lost 120.77 points, or 42.87%, in 93 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (156.88) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See DHR medium-term trend chart]
A medium-term uptrend had started on May 15, 2026 at 160.93 and reached 238.13 on October 22, 2026. DHR gained -77.20 points, or -47.97%, in 22 weeks. The price is now at the 9.88% retracement level.

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. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish 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 weekly Lane's Stochastic and MACD 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 June 18, 2026. 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 uptrend had started on September 14, 2026 at 199.09 and reached 238.13 on October 22, 2026. DHR gained -39.04 points, or -19.61%, in 38 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (221.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a short-term trend.

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

The daily MACD line is above its signal line since October 13, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.26
Williams' Percentage Range (W%R) 33.20
Lane's Stochastic (%D-Slow) 67.53
Greed/Fear Indicator (GFI) 64.85
Moving Average Converg./Diverg. (MACD) 3.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.67
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 81.79
Overbought Bearish
Greed/Fear Indicator (GFI) 76.29
Moving Average Converg./Diverg. (MACD) 3.82 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 235.32
Daily Stochastic Crossing 231.85
Price 230.50
Weekly Stochastic Crossing 229.78
Weekly Trendline Resistance 225.94
20 Day Moving Average 223.27
Quarterly Trendline Resistance 222.77
Weekly Trendline Support 221.28
Parabolic System 217.75
50 Day Moving Average 216.13
Lower Bollinger Band 211.78
Sector and Industry
Description Name Rank
Sector Health Care 12
Industry Health Care Equipment 94
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 211.18
Low Date 10/01/2026
High 238.13
High Date 10/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 225.94
Support 221.28
Low 199.09
Low Date 09/14/2026
High 238.13
High Date 10/22/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 160.93
Low Date 05/15/2026
High 238.13
High Date 10/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 222.77
Support 156.88
High 281.70
High Date 08/01/2024
Low 160.93
Low Date 05/15/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 333.96
High Date 09/10/2021
Low 160.93
Low Date 05/15/2026
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.