DANAHER CORP (DHR) Technical Analysis
NYSE:DHR • US2358511028
Current stock price
DHR Technical Rating and Analysis
Taking everything into account, DHR scores 0 out of 10 in our technical rating. DHR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 78% 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 is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- DHR has an average volume of 4226590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DHR is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry, DHR did better than 64% of them.
DHR Weekly and Daily overview Charts
DHR Setup Rating and Analysis
Although the technical rating is bad, DHR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 181.77, a Stop Loss order could be placed below this zone.
More info and screens
DHR Support and Resistance Analysis
179.65
We found 1 important support area.
- A support zone ranging from 181.46 to 181.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @195.22 from a horizontal line in the daily time frame.
- Resistance @205.10 from a horizontal line in the daily time frame.
- Resistance @232.84 from a trend line in the weekly time frame.
DHR 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 | 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 | 22.32 | NEGATIVE | DHR has a low relative strength, it was outperformed by 77.68% 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) | 33.32 | NEUTRAL | The RSI value for DHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DHR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.69 | 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) | 47.54 | POSITIVE | The high ADX value value for DHR suggests a strong trend. |
DHR Chart- and CandleStick Pattern Analysis
DHR Technicals: Chart, Performance Metrics, Trend & Indicators
189.35
-0.76 (-0.4%)
DANAHER CORP / DHR TA FAQ
What is the technical rating for DHR stock?
ChartMill assigns a technical rating of 0 / 10 to DHR.
What is the trend direction for DHR stock?
The current trend direction for DANAHER CORP (DHR) is Bearish.
What is the RSI signal for DHR stock?
DANAHER CORP (DHR) has an RSI value of 33.3237. This indicates that the stock is currently neutral.
What is the MACD signal for DANAHER CORP (DHR) stock?
The MACD indicator for DANAHER CORP (DHR) has a value of -0.0538466, indicating a bearish trend.
Can you provide the buy/sell signal for DANAHER CORP?
The buy/sell signal for DANAHER CORP (DHR) is sell as both the short term and long term trends are negative.