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Downtrend Broken Resist.Archive
- 6/5/2026 -
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Danaher Corp. (DHR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 4 consecutive negative weeks for the Danaher Corp. (DHR). During the week, the DHR climbed 1.63 points, or 0.89%, and closed at 184.30 on Friday, June 5, 2026. DHR was trading at average weekly trading volume.
 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 price is now at the 19.35% retracement level.
 Medium-term trend: [See DHR medium-term trend chart]
A medium-term downtrend had started on January 22, 2026 at 242.80 and reached 160.93 on May 15, 2026. DHR lost 81.87 points, or 33.72%, in 16 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (151.07) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DHR may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See DHR weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since February 6, 2026. 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 May 15, 2026 at 160.93 and reached 188.75 on June 5, 2026. DHR gained -27.82 points, or -17.29%, in 21 days. The price is now at the 16.00% retracement level.
 Daily Technical Indicators: [See DHR daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily 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 daily 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. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since May 19, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
 Candlestick pattern: [See DHR candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.
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