DANAHER CORP (DHR) Stock Technical Analysis
USA - NYSE:DHR - US2358511028 - Common Stock
We assign a technical rating of 6 out of 10 to DHR. Although DHR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 206.73, a Stop Loss order could be placed below this zone.
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179.64
3 important support areas can be observed.
- A support zone ranging from 204.01 to 206.73. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 223.02 to 223.02. 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 | UP | POSITIVE | The long term trend for DHR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DHR is neutral. |
| ChartMill Relative Strength | 29.35 | NEGATIVE | DHR has a low relative strength, it was outperformed by 70.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DHR is below 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) | 48.49 | NEUTRAL | The RSI value for DHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.33 | NEGATIVE | The MACD value suggests DHR has a negative trend. |
| Stochastics (14,3) | 11.73 | OVERSOLD | The low Stochastics value suggests DHR may be oversold. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for DHR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.69 | NEUTRAL | The ADX value for DHR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 214.32 | 207.74 | 6.58 (3.07%) | 25.00% |
| An entry @214.32. This is a Buy Stop order right above the 10 day moving average. | An exit @207.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.58 points, which is 3.07%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DHR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
209.94
-0.73 (-0.35%)
DANAHER CORP / DHR FAQ
What is the technical rating for DHR stock?
ChartMill assigns a technical rating of 6 / 10 to DHR.
Can you provide the trend direction for DANAHER CORP?
The current trend direction for DANAHER CORP (DHR) is Bullish.
What is the RSI signal for DHR stock?
DANAHER CORP (DHR) has an RSI value of 48.4925. This indicates that the stock is currently neutral.
What is the short term momentum for DHR stock?
The short term momentum for DANAHER CORP (DHR) is neutral.