Danaher Corporation Stock Forecast
Danaher Corporation stock upgraded to Buy Candidate.
(Updated on May 10, 2024)
The Danaher Corporation stock price gained 1.27% on the last trading day (Friday, 10th May 2024), rising from 231.45€ to 234.40€. During the last trading day the stock fluctuated 0.88% from a day low at 233.20€ to a day high of 235.25€. The price has risen in 6 of the last 10 days and is up by 1.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 249 more shares were traded than the day before. In total, 318 shares were bought and sold for approximately 74.54€ thousand.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 235.55€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Danaher Corporation stock with a 90% probability to be traded between 216.52€ and 231.80€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DAP.DE Signals & Forecast
Mostly positive signals in the chart today. The Danaher Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 230.90€ and 229.01€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.83%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Danaher Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should fall by -0.690% to 232.78€ within 34 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for Danaher Corporation stock
Danaher Corporation finds support from accumulated volume at 229.60€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 2.05€ between high and low, or 0.88%. For the last week the stock has had daily average volatility of 0.797%.
Our recommended stop-loss: 223.04€ (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (DAP.DE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Danaher Corporation to open at 234.28€, and during the day (based on 14 day Average True Range), to move between 230.62€ and 238.18€, which gives a possible trading interval of +/-3.78€ (+/-1.61%) up or down from last closing price. If Danaher Corporation takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 234.70€ (0.13%) than the support at 229.60€ (2.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Danaher Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Danaher Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.127 Buy Candidate Upgraded
Predicted Opening Price for Danaher Corporation of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 234.28€ ( 0.0498%) | 234.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DAP.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 236.33 | 0.82 % | |
| R2 | 235.55 | 0.491 % | ||
| R1 | 235.07 | 0.284 % | ||
| Current price: | 234.40 | |||
| Support | S1 | 233.50 | -0.384 % | |
| S2 | 233.02 | -0.590 % | ||
| S3 | 232.23 | -0.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 236.30 | 0.81 % | |
| R2 | 235.50 | 0.469 % | ||
| R1 | 234.70 | 0.128 % | ||
| Current price | 234.40 | |||
| Support | S1 | 229.60 | -2.05% | |
| S2 | 229.40 | -2.13% | ||
| S3 | 222.90 | -4.91% |
DAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 26, 2024 | 0.251€ | 0.107% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 26, 2024 | 0.250€ | 0.108% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | 0€ | 0% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | 0.270€ | 0.139% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | 0.270€ | 0.133% |
FAQ
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