Tag: Danaher Corp

Danaher Corporation Stock Code DHR.NYS

Outlook

Price went on a rally after reaching a low on 18 March 2023. However, the rally was unable to move above cloud. In the past 3 trading sessions, candlestick price patterns are suggesting price may have reached a turning point. We are likely to see a reversal soon. Lagging Span is above price of 26 days ago but is below the cloud. We think price is likely to be capped by the lower edge of the cloud and could be moving lower to the previous low at $236.75 in the next 2-3 weeks.

Strategy                  

$251.80              Sell

$236.80              Price Target

$256.80              Risk Management Stop

3 weeks              Trade Duration

DANAHER CORP Stock Code DHR.NYS

Outlook

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.

Strategy                  

$270.00              Sell

$245.15              Price Target

$283.20              Risk Management Stop

3 weeks              Trade Duration