DANAHER CORP Stock Code DHR.NYS
Price reached a low at $257.89 on 27 September and there was a rally. However, the rally was capped by the cloud and in the previous trading session, price closed below the cloud, resuming its downtrend again. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is bearish with both lines below the zero line. MACD is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the support at $245.15 in the next 2-3 weeks.
$245.15 Price Target
$283.20 Risk Management Stop
3 weeks Trade Duration