The Greedy Trader Weekly Analysis
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Danaher Corp.
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Summary:
Weekly :Oversold sector
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBroken trend resistance lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Danaher Corp. (DHR). During the week, the DHR climbed 0.65 points, or 0.66%, and closed at 99.33 on Friday, July 06, 2018. Weekly volume was -21% below average.

DHR is a member of Industrial Goods Sector. Industrial Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See DHR long-term trend chart]
A long-term uptrend had started on October 17, 2016 at 75.71 and reached 104.82 on January 30, 2018. DHR gained -29.11 points, or -38.45%, in 67 weeks. The price is now at the 18.86% retracement level.

Medium-term trend: [See DHR medium-term trend chart]
A medium-term downtrend had started on January 30, 2018 at 104.82 and reached 91.84 on February 9, 2018. DHR lost 12.98 points, or 12.38%, in 1 weeks. The price is now at the 57.70% retracement level.

Weekly Technical Indicators: [See DHR weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 16, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See DHR short-term trend chart]
A short-term downtrend had started on June 12, 2018 at 104.13 and reached 97.09 on June 28, 2018. DHR lost 7.04 points, or 6.76%, in 16 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (96.50) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See DHR daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 15, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.70
Williams' Percentage Range (W%R) 72.90
Lane's Stochastic (%D-Slow) 43.21
Greed/Fear Indicator (GFI) 35.01
Moving Average Converg./Diverg. (MACD) -0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.62
Williams' Percentage Range (W%R) 51.60
Lane's Stochastic (%D-Slow) 47.82
Greed/Fear Indicator (GFI) 49.08
Moving Average Converg./Diverg. (MACD) 2.22
Trading Signals
Description Value Chart
Upper Bollinger Band 103.49
50 Day Moving Average 100.69
20 Day Moving Average 100.14
Weekly Stochastic Crossing 99.95
Price 99.33
Weekly Trendline Resistance 98.98
Daily Stochastic Crossing 98.70
Parabolic System 97.09
Weekly Trendline Support 96.50
Lower Bollinger Band 95.89
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry General Building Matrials 127
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 97.09
Low Date 06/28/2018
High 99.65
High Date 06/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 98.98
Support 96.50
High 104.13
High Date 06/12/2018
Low 97.09
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.82
High Date 01/30/2018
Low 91.84
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 78.97
Low Date 08/10/2017
High 104.82
High Date 01/30/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.71
Low Date 10/17/2016
High 104.82
High Date 01/30/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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