Danaher Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Danaher Corporation stock price ended at 247.80€ on Wednesday, after gaining 0.691%.
(Updated on May 22, 2024)
The Danaher Corporation stock price gained 0.691% on the last trading day (Wednesday, 22nd May 2024), rising from 246.10€ to 247.80€. It has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.14% from a day low at 245.00€ to a day high of 247.80€. The price has risen in 9 of the last 10 days and is up by 7.02% 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, 66 more shares were traded than the day before. In total, 81 shares were bought and sold for approximately 20.07€ thousand.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 237.56€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 252.83€ sometime during the next 3 months.
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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 243.64€ and 231.62€. 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 8.71%. 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.
Support, Risk & Stop-loss for Danaher Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at 230.75€ and 229.40€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Danaher Corporation finds support just below today's level at 230.75€. If this is broken, then the next support from accumulated volume will be at 229.40€ and 222.90€.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 2.80€ (1.14%) between high and low. For the last week, the stock has had daily average volatility of 0.91%.
The Danaher Corporation stock is extremely overbought on RSI14 (94). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Danaher Corporation has been rising for 9 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: 235.11€ (-5.12%) (This stock has low daily movements and this gives low risk. The RSI14 is 94 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (DAP.DE) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Danaher Corporation to open at 246.87€, and during the day (based on 14 day Average True Range), to move between 244.33€ and 251.27€, which gives a possible trading interval of +/-3.47€ (+/-1.40%) up or down from last closing price. If Danaher Corporation takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 230.75€, some 17.05€ (6.88%) from the current price of 247.80€, our system finds the risk reward attractive.
Is Danaher Corporation stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. 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.
Current score: 2.729 Buy Candidate Unchanged
Predicted Opening Price for Danaher Corporation of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| 246.87€ ( 0.377%) | 247.80€ |
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 | 249.67 | 0.753 % | |
| R2 | 248.60 | 0.322 % | ||
| R1 | 247.94 | 0.0550 % | ||
| Current price: | 247.80 | |||
| Support | S1 | 245.80 | -0.81 % | |
| S2 | 245.14 | -1.07 % | ||
| S3 | 244.07 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 247.80 | |||
| Support | S1 | 230.75 | -6.88% | |
| S2 | 229.40 | -7.43% | ||
| S3 | 222.90 | -10.05% |
DAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 26, 2024 | 0.251€ | 0.102% |
| 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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