DANAHER CORP (DHR) Technical Analysis
NYSE:DHR • US2358511028
Current stock price
DHR Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to DHR. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 77% 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, 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 181.01 - 200.40 range, which is quite wide. It is currently trading near the high of this range.
- DHR has an average volume of 4064070 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 51% of them.
DHR Weekly and Daily overview Charts
DHR Setup Rating and Analysis
DHR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 198.62. Right above this resistance zone may be a good entry point.
More info and screens
DHR Support and Resistance Analysis
179.65
When analyzing the support we notice one important 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 198.62 to 200.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @230.62 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 | NEUTRAL | NEUTRAL | The short term trend for DHR is neutral. |
| ChartMill Relative Strength | 23.38 | NEGATIVE | DHR has a low relative strength, it was outperformed by 76.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DHR is above the rising 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) | 55.28 | NEUTRAL | The RSI value for DHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.85 | POSITIVE | The MACD value suggests DHR has a positive trend. |
| Stochastics (14,3) | 74.82 | NEUTRAL | The Stochastics value for DHR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for DHR suggests some volalility. |
| Average Directional Index/ADX (14) | 28.33 | 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
198.61
+2.74 (+1.4%)
DANAHER CORP / DHR TA FAQ
What is the technical rating for DHR stock?
ChartMill assigns a technical rating of 1 / 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 DANAHER CORP (DHR) stock?
DANAHER CORP (DHR) has an RSI value of 55.2809. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DANAHER CORP?
The short term momentum for DANAHER CORP (DHR) is neutral.
Can you provide the support and resistance levels for DANAHER CORP?
DANAHER CORP (DHR) has a support level at 181.77 and a resistance level at 198.62. Check the full technical report for our detailed analysis of DHR support and resistance levels.