The Greedy Trader Weekly Analysis
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Danaher Corp.
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Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal linePrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.67
Williams' Percentage Range (W%R) 50.60
Lane's Stochastic (%D-Slow) 44.47
Greed/Fear Indicator (GFI) 50.18
Moving Average Converg./Diverg. (MACD) 1.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.21
Williams' Percentage Range (W%R) 22.50
Lane's Stochastic (%D-Slow) 87.27
Overbought
Greed/Fear Indicator (GFI) 74.57
Moving Average Converg./Diverg. (MACD) 1.80
Trading Signals
Description Value Chart
Weekly Trendline Resistance 110.53
Parabolic System 110.07
Weekly Trendline Support 109.58
Upper Bollinger Band 109.40
Weekly Stochastic Crossing 109.03
20 Day Moving Average 107.46
Daily Stochastic Crossing 107.39
Price 106.98
Lower Bollinger Band 104.63
50 Day Moving Average 104.11
Monthly Trendline Resistance 103.89
Monthly Trendline Support 101.02
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry General Building Matrials 57
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 110.13
High Date 10/03/2018
Low 105.87
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 110.53
Support 109.58
Low 99.05
Low Date 08/13/2018
High 110.13
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 103.89
Support 101.02
Low 91.84
Low Date 02/09/2018
High 110.13
High Date 10/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 78.97
Low Date 08/10/2017
High 110.13
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.71
Low Date 10/17/2016
High 110.13
High Date 10/03/2018
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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