The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 7/31/2026 -
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Parker-Hannifin (PH) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineTrend resistance at 965.48
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Parker-Hannifin (PH). During the week, the PH dropped -11.01 points, or -1.11%, and closed at 976.53 on Friday, July 31, 2026. It was the worst weekly loss since May 29, 2026. Weekly volume was -16% below average.

PH is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PH long-term trend chart]
A long-term uptrend had started on October 17, 1990 at 4.44 and reached 1034.96 on February 25, 2026. PH gained -1030.52 points, or -23209.91%, in 1845 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (105.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See PH medium-term trend chart]
A medium-term uptrend had started on June 17, 2022 at 230.44 and reached 1034.96 on February 25, 2026. PH gained -804.52 points, or -349.12%, in 192 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (965.48). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See PH weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 10, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See PH short-term trend chart]
A short-term uptrend had started on July 7, 2026 at 929.34 and reached 1000.72 on July 24, 2026. PH gained -71.38 points, or -7.68%, in 17 days. The price is now at the 33.89% retracement level.

Daily Technical Indicators: [See PH daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.79
Williams' Percentage Range (W%R) 41.60
Lane's Stochastic (%D-Slow) 56.79
Greed/Fear Indicator (GFI) 58.00
Moving Average Converg./Diverg. (MACD) 11.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.32
Williams' Percentage Range (W%R) 27.10
Lane's Stochastic (%D-Slow) 79.33
Greed/Fear Indicator (GFI) 69.94
Moving Average Converg./Diverg. (MACD) 19.08
Trading Signals
Description Value Chart
Parabolic System 999.37
Upper Bollinger Band 992.64
Price 976.53
Weekly Stochastic Crossing 972.44
Daily Stochastic Crossing 972.13
Quarterly Trendline Resistance 965.48
20 Day Moving Average 964.08
Lower Bollinger Band 934.49
50 Day Moving Average 929.70
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Industrial Machinery 69
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 929.34
Low Date 07/07/2026
High 1000.72
High Date 07/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 815.01
Low Date 06/01/2026
High 1003.79
High Date 06/25/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 488.50
Low Date 04/07/2025
High 1034.96
High Date 02/25/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 965.48
Support 662.07
Low 230.44
Low Date 06/17/2022
High 1034.96
High Date 02/25/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 239.48
Support 105.48
Low 4.44
Low Date 10/17/1990
High 1034.96
High Date 02/25/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.