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Advanced TA SearchArchive
- 4/19/2024 -
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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 -4.44 points, or -1.85%, and closed at 235.51 on Friday, April 19, 2024. Weekly volume was 8% above average.
 Long-term trend: [See DHR long-term trend chart]
A long-term downtrend had started on September 10, 2021 at 333.96 and reached 182.09 on October 30, 2023. DHR lost 151.87 points, or 45.48%, in 111 weeks. The price is now at the 35.17% retracement level.
 Medium-term trend: [See DHR medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 182.09 and reached 259.00 on March 4, 2024. DHR gained -76.91 points, or -42.24%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (270.46) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DHR may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See DHR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 9, 2024 at 249.86 and reached 230.74 on April 18, 2024. DHR lost 19.12 points, or 7.65%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See DHR daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 4, 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.
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