Danaher, fresh buy signal under watch
Danaher climbs 8.1% and knocks on recent highs again
Our view last week
Danaher's week closed down 1.1%, with the last candle firmly in sellers' hands and buyer dominance clearly in retreat. Yet Sell signal strength has slipped to 2 out of 100: the decline, open for weeks now, is showing the signs of running out of steam. Danaher stock stays under our weekly technical analysis, ranked 61st among the 101 US sell signals, inside a quality band that advises against fresh entries.
This week's summary
Danaher jumps 8.1% in a week, bouncing sharply off its 20-day moving average after touching the 203 area. The rally comes with two caveats: contracting volumes and fading buyer dominance. The Health Care sector is gaining ground meanwhile, and the price is back near recent highs.
IQS Phase
54
ordinary
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#12 / 14
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 12th among the 14 fresh Longs for US stocks in our ranking, with a signal strength of 54 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein strong phase
Performanceweekly +4.33% · monthly +9.53%
DHR belongs to the health care sector (reference ETF XLV). The sector is classified in strong phase according to our weekly reading.
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