2026-07-21
DHR: Composite flips bearish after 11% drop
DHR closed at $179.01, down 10.99% on the session, and the composite technical signal moved from bullish yesterday to bearish at −36.2. Trend is the main drag: price sits below the 200-day average even though the 20-day still holds above the 50-day, while MACD is below its signal with a negative histogram and Parabolic SAR sits above price. Volume lined up with the decline — OBV fell with price, and relative volume printed 4.64× on a down day — so the selloff was not a quiet drift.
Momentum did not fully agree with the trend and volume package. RSI (14) at 37.9 and Stochastic %K at 32.1 read neutral, Williams %R at −68 is also neutral, while CCI (20) at −250 is deep in oversold territory and is the main reason the momentum category still scores bullish (+25). Price structure is mixed: the close is near resistance at $180.57 (16 prior touches, about 0.9% above) and Bollinger position is stretched below the lower band (−8%), with nearest support marked at $160.93 (about 10.1% below, one prior touch). ADX at 29.6 means the trend reading is not being damped for weakness of trend strength.
| Category | Band | Score |
|---|---|---|
| Trend | Bearish | −77.5 |
| Momentum | Bullish | +25.0 |
| Volume | Bearish | −50.0 |
| Price Structure | Neutral | −20.0 |
| Indicator | Detail |
|---|---|
| Moving Averages | price below MA200, MA20 > MA50 |
| MACD (12/26/9) | below signal, hist − |
| Parabolic SAR | SAR above price (down) |
| RSI (14) | 37.9 — neutral |
| Relative Volume | 4.64× vol on down day |
| Support / Resistance | near resistance 180.57 |
Taken together, the published rules show a bearish composite driven by trend and volume, with momentum still bullish mainly because of an oversold CCI print. These figures describe indicator posture on this session only — they are not a forecast and not a recommendation to buy, sell, or hold DHR.