DANAHER CORP (DHR) Stock Technical Analysis
NYSE:DHR - New York Stock Exchange, Inc. - US2358511028 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to DHR. DHR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, DHR is a bad performer in the overall market: 86% of all stocks are doing better.
DHR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month DHR has a been trading in the 189.08 - 208.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
DHR has an average volume of 3775290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DHR is an average performer in the Life Sciences Tools & Services industry, it outperforms 43% of 56 stocks in the same industry.
DHR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
179.94
213.25
We found 2 important support areas.
- Support @184.96 from a horizontal line in the daily time frame.
- Support @181.76 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 196.08 to 198.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 202.21 to 207.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @211.14 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for DHR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DHR is down. |
| ChartMill Relative Strength | 14.9 | NEGATIVE | DHR has a low relative strength, it was outperformed by 85.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DHR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DHR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DHR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.79 | NEUTRAL | The RSI value for DHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.36 | NEGATIVE | The MACD value suggests DHR has a negative trend. |
| Stochastics (14,3) | 13.05 | OVERSOLD | The low Stochastics value suggests DHR may be oversold. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for DHR suggests some volalility. |
| Average Directional Index/ADX (14) | 12.13 | NEGATIVE | The low ADX value for DHR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
190.05
-4.74 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-2.43%
1 Week-7.22%
2 Weeks-6.47%
1 Month-2.26%
3 Month1.72%
6 Month-20.27%
12 Month-21.96%
2 Year-25.49%
3 Year-34.8%
5 Year-6.75%
10 Year107.57%
15 Year394.79%
Volatility
ATR(14)5.34
ATR(20)%2.64%
ATR Inc-9.61%
Range Today7.11
ADR(20)4.75
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.9
Mansfield-2.33
10 Day High208.15
10 Day Low189.08
20 Day High208.15
20 Day Low189.08
52 Week High281.7
52 Week Low171
CS1 End184.96
CR1 Start196.08
Volume & EV
DER(3)2.15%
DER(5)0.98%
Volume4.24M
Volume Incr6.55%
Vol(5)3.88M
Vol(50)3.78M