DHR Technical Analysis - DANAHER CORP

Technical Rating and Analysis

Taking everything into account, DHR scores 0 out of 10 in our technical rating. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, DHR is a bad performer in the overall market: 90% of all stocks are doing better.

DHR is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry, of which 67% are performing better 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 180.03 - 207.69 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

DHR has an average volume of 4075780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of DHR is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

179.64

213.25

We found 1 important support area.

Support @181.45 from a horizontal line in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 189.81 to 199.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 205.03 to 206.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Strong resistance @211.14 from a horizontal line in the daily time frame.

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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	10.18	NEGATIVE	DHR has a low relative strength, it was outperformed by 89.82% 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)	30.11	NEUTRAL	The RSI value for DHR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.08	NEGATIVE	The MACD value suggests DHR has a negative trend.
Stochastics (14,3)	8.63	OVERSOLD	The low Stochastics value suggests DHR may be oversold.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for DHR suggests some volalility.
Average Directional Index/ADX (14)	28.18	POSITIVE	The high ADX value value for DHR suggests a strong trend.