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|It was the negative week for the Danaher Corp. (DHR). During the week, the DHR dropped -1.68 points, or -1.55%, and closed at 106.98 on Friday, October 05, 2018. It was the worst weekly loss since June 22, 2018. Weekly volume was -15% below average. |
Long-term trend: [See DHR long-term trend chart]
A long-term uptrend had started on February 9, 2018 at 91.84 and reached 110.13 on October 3, 2018. DHR gained -18.29 points, or -19.92%, in 33 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (101.02) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
Medium-term trend: [See DHR medium-term trend chart]
A medium-term uptrend had started on August 13, 2018 at 99.05 and reached 110.13 on October 3, 2018. DHR gained -11.08 points, or -11.19%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (109.58) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
Weekly Technical Indicators: [See DHR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since September 7, 2018. This is an indication that the medium-term trend is up. 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 October 3, 2018 at 110.13 and reached 105.87 on October 5, 2018. DHR lost 4.26 points, or 3.87%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See DHR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.