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DHR Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Ascending DHR on November 12, 2024, netting in a 12.52% gain over 3 months

A.I.dvisor
at Tickeron.com
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+12.52% Gain from a Successful pattern Broadening Wedge Ascending
DHR - Danaher Corp
Tickeron
Ticker: DHR
Company: Danaher
Gain from shortening: +12.52%
Confirmed: 11/12/24
Succeeded: 11/14/24
Total length: 111 days
On July 26, 2024, A.I.dvisor detected a Broadening Wedge Ascending Pattern (Bearish) for Danaher Corp (DHR, $273.64). 109 days later, on November 12, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On November 14, 2024, the stock hit the target price of $235.37 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for DHR turns negative, indicating new downward trend

DHR saw its Momentum Indicator move below the 0 level on December 05, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned negative. In of the 87 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 50-day moving average for DHR moved below the 200-day moving average on November 27, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DHR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for DHR entered a downward trend on November 27, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where DHR's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Moving Average Convergence Divergence (MACD) for DHR just turned positive on November 22, 2024. Looking at past instances where DHR's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DHR advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .

DHR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. DHR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.431) is normal, around the industry mean (23.246). P/E Ratio (43.857) is within average values for comparable stocks, (83.568). Projected Growth (PEG Ratio) (3.229) is also within normal values, averaging (5.667). Dividend Yield (0.004) settles around the average of (0.018) among similar stocks. P/S Ratio (7.710) is also within normal values, averaging (43.227).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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DHR
Daily Signalchanged days ago
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A.I. Advisor
published General Information

General Information

a manufacturer of industrial instruments and machinery

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
2200 Pennsylvania Avenue, N.W.
Phone
+1 202 828-0850
Employees
63000
Web
https://www.danaher.com