Technical Review: Donchian Lower Band Touches 97.91 for Danaher Corporation (NYSE:DHR)

As investors gear up for the stretch run towards the end of the year, the focus will be on which way stock market momentum seems to be shifting. Investors may be taking note of various economic reports and keeping a close eye on global political news. There are many factors that can affect the price of a stock. Tracking the markets from different angles may help to put together the bigger investing picture. Investors may be wondering if they have missed the boat as stocks have cooled off a bit recently. It may be wise to remember that there are always plenty of market opportunities to take advantage of. Diving into the fray may not be necessary until all the boxes are ticked off on the investor’s checklist. 

Shares of Danaher Corporation (NYSE:DHR) ended last session at 103.78. Following today’s trade, we note that the stock has moved -0.4231393% since the opening bell. The company has a current market cap of 72337200000. The stock’s high price over the last month is presently 106.08.

Following the Chaikin Money Flow indicator, we note that the current 20 day value is -0.17104812 for Danaher Corporation (NYSE:DHR). Traders will watch to see if the indicator can help confirm an ongoing trend. In the midst of a bullish trend, the CMF value staying above zero may point to continuous buying pressure and the possibility of a sustained rise in price. In the midst of a bearish trend, the CMF value staying below zero may show continuous selling pressure and the possibility of continued price decline.

Scanning the equity market, we note that the stock’s current Oscillator Rating is showing “Buy”. Traders will take note of many different factors when examining a stock’s health. Flipping over to the Moving Average Rating, we see that the current sentiment is pointing to a “Strong Buy”.

Watching volatility readings, we can see the current value for the stock is 1.0059973. Volatility for the week stands at 1.5412614, and the monthly reading is 1.4828653. Volatility involves the amount of risk in relation to the amount of change in a stock’s value. Tracking the Bull Bear Power, we note that the stock is presently 2.6154246.

The 20 day Keltner Channels upper envelope is 103.19472. The 20 day Keltner Channels lower envelope is 100.83098. The Keltner Channels indicator was introduced by Chester Keltner in his book How to Make Money in Commodities. Keltner’s ideas have since been expanded upon and are widely used by technical traders.

Donchian Channels may be useful for technical traders. The primary function of the indicator is to measure volatility. The bands will widen when volatility is high, and they will become narrow with low volatility. The 20 day upper band level is 106.08. For the same period, the lower band level is 97.91.

Trading on volume of 726127, Danaher Corporation (NYSE:DHR) has seen a change from the open of -0.4516 since the stock opened at 104.2316. Monitoring today’s activity, the stock has hit a high point of 104.2316 and slipped to a low of 103.74. The current consensus stock rating is Buy. Everyone will be focused on the next company earnings release which is scheduled to be reported next around 10/22/2018.

Checking in on the Awesome Oscillator, we see that the reading is 2.9791954. Traders may follow this oscillator to measure market momentum. Created by Bill Williams, the Awesome Oscillator calculates the difference of the 5 period and 34 period SMA.