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Uptrend ExhaustionArchive
- 5/10/2024 -
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Danaher Corp. (DHR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third positive week after 4 consecutive negative weeks for the Danaher Corp. (DHR). During the week, the DHR gained 5.04 points, or 2.03%, and closed at 253.38 on Friday, May 10, 2024. Weekly volume was -46% below average.
 Long-term trend: [See DHR long-term trend chart]
A long-term downtrend had started on September 10, 2021 at 333.96 and reached 182.09 on October 30, 2023. DHR lost 151.87 points, or 45.48%, in 111 weeks. The price is now at the 46.94% retracement level.
 Medium-term trend: [See DHR medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 182.09 and reached 259.00 on March 4, 2024. DHR gained -76.91 points, or -42.24%, in 18 weeks. The price is now at the 7.31% retracement level.
 Weekly Technical Indicators: [See DHR weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See DHR short-term trend chart]
A short-term uptrend had started on April 18, 2024 at 230.74 and reached 256.72 on April 23, 2024. DHR gained -25.98 points, or -11.26%, in 5 days. The price is now at the 12.86% retracement level.
 Daily Technical Indicators: [See DHR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.
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