DANAHER CORP (DHR) Stock Technical Analysis
NYSE:DHR - New York Stock Exchange, Inc. - US2358511028 - Common Stock - Currency: USD
We assign a technical rating of 1 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
83% of all other stocks performed better in the past year than DHR.
DHR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DHR is lagging the market.
DHR has an average volume of 4022040 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 44% of 55 stocks in the same industry.
In the last month DHR has a been trading in the 183.05 - 207.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of DHR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
179.94
252.57
When analyzing the support we can see 3 important areas.
- Support @189.80 from a trend line in the daily time frame.
- 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 4 important areas.
- A resistance zone ranging from 197.23 to 205.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 209.19 to 211.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @216.65 from a trend line in the daily time frame.
- Resistance @250.07 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 | NEUTRAL | NEUTRAL | The short term trend for DHR is neutral. |
| ChartMill Relative Strength | 17.1 | NEGATIVE | DHR has a low relative strength, it was outperformed by 82.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DHR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DHR is above the rising 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) | 47.94 | NEUTRAL | The RSI value for DHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests DHR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.86 | NEUTRAL | The Stochastics value for DHR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for DHR suggests some volalility. |
| Average Directional Index/ADX (14) | 12.65 | 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)
194.44
-1.31 (-0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-0.67%
1 Week-5.02%
2 Weeks0.7%
1 Month-1.68%
3 Month-8.01%
6 Month-14.92%
12 Month-23.74%
2 Year-18.98%
3 Year-23.3%
5 Year9.96%
10 Year127.18%
15 Year423.82%
Volatility
ATR(14)4.52
ATR(20)%2.45%
ATR Inc11.66%
Range Today3.88
ADR(20)4.35
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.1
Mansfield-1.94
10 Day High207
10 Day Low189.88
20 Day High207
20 Day Low183.05
52 Week High281.7
52 Week Low171
CS1 End189.8
CR1 Start197.23
Volume & EV
DER(3)1.57%
DER(5)0.07%
Volume3.24M
Volume Incr-13.17%
Vol(5)3.28M
Vol(50)4.02M