DAP Technical Analysis - DANAHER CORP

Technical Rating and Analysis

Taking everything into account, DAP scores 5 out of 10 in our technical rating. In the last year, DAP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

88% of all other stocks performed better in the past year than DAP.

DAP is part of the Life Sciences Tools & Services industry. There are 20 other stocks in this industry, of which 63% are performing better than DAP.

Warning: DAP has an average volume of 661 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month DAP has a been trading in the 154.38 - 186.38 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

DAP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DAP is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

DAP has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

154.93

185.85

2 important support areas can be observed.

Support @178.00 from a horizontal line in the daily time frame.
A support zone ranging from 156.49 to 156.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 184.01 to 184.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for DAP.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DAP.DE is up.
ChartMill Relative Strength	12.42	NEGATIVE	DAP.DE has a low relative strength, it was outperformed by 87.58% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of DAP.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DAP.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DAP.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	69.08	NEUTRAL	The RSI value for DAP.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.85	POSITIVE	The MACD value suggests DAP.DE has a positive trend.
Stochastics (14,3)	94.22	OVERBOUGHT	The high Stochastics value suggests DAP.DE may be overbought.
Average True Range in percent/ATR (20)	2.33	MEDIUM VOLATILITY	The ATR as a percentage value for DAP.DE suggests some volalility.
Average Directional Index/ADX (14)	29.31	POSITIVE	The high ADX value value for DAP.DE suggests a strong trend.