DANAHER CORP (DHR) Stock Technical Analysis
USA - NYSE:DHR - US2358511028 - Common Stock
210.92 USD
+4.82 (+2.34%)
208.16 USD
-2.76 (-1.31%)
We assign a technical rating of 5 out of 10 to DHR. DHR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
75% of all other stocks performed better in the past year than DHR.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month DHR has a been trading in the 180.03 - 219.92 range, which is quite wide. It is currently trading near the high of this range.
DHR has an average volume of 3943530 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 41% of 56 stocks in the same industry.
DHR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DHR is lagging the market.
Although the technical rating is only medium, DHR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 204.09, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
179.64
217.15
3 important support areas can be observed.
- A support zone ranging from 200.44 to 204.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @184.96 from a horizontal line in the daily time frame.
- A support zone ranging from 181.45 to 181.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 211.14 to 215.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 DHR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DHR is up. |
| ChartMill Relative Strength | 25.64 | NEGATIVE | DHR has a low relative strength, it was outperformed by 74.36% 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) | UP | POSITIVE | The current price of DHR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DHR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.6 | NEUTRAL | The RSI value for DHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests DHR has a positive trend. |
| Stochastics (14,3) | 68.32 | NEUTRAL | The Stochastics value for DHR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for DHR suggests some volalility. |
| Average Directional Index/ADX (14) | 24.65 | NEUTRAL | The ADX value for DHR suggests a possible start of a new 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)
210.92
+4.82 (+2.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg2.34%
1 Week3.15%
2 Weeks0.28%
1 Month8.01%
3 Month10.98%
6 Month12.89%
12 Month-23.13%
2 Year9.84%
3 Year-16.19%
5 Year-8.11%
10 Year126.04%
15 Year386.44%
Volatility
ATR(14)6.46
ATR(20)%2.69%
ATR Inc-11.76%
Range Today6.11
ADR(20)5.56
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.64
Mansfield-0.9
10 Day High219.92
10 Day Low202.14
20 Day High219.92
20 Day Low180.03
52 Week High274.21
52 Week Low171
CS1 End204.09
CR1 Start211.14
Volume & EV
DER(3)-0.22%
DER(5)-0.58%
Volume5.82M
Volume Incr-33.28%
Vol(5)3.39M
Vol(50)3.94M