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.

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- 3/6/2026 -
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Parker-Hannifin (PH) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance lineTrend resistance at 927.65
Daily :Broken trend support lineThe price is below the lower Bollinger BandThe price has risen above the Parabolic SAR
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It was the negative week for the Parker-Hannifin (PH). During the week, the PH dropped -85.46 points, or -8.47%, and closed at 923.72 on Friday, March 6, 2026. Weekly volume was 32% above average.

PH is a member of Industrials Sector. Industrials is the second 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 (104.20) 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 (927.65). 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since October 31, 2025. This is an indication that the medium-term trend is up. 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 October 10, 2025 at 715.37 and reached 1034.96 on February 25, 2026. PH gained -319.59 points, or -44.67%, in 138 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (1031.13) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

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

The daily MACD line is below its signal line since February 26, 2026. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.65
Williams' Percentage Range (W%R) 76.00
Lane's Stochastic (%D-Slow) 25.22
Greed/Fear Indicator (GFI) 25.97
Moving Average Converg./Diverg. (MACD) 16.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.95
Williams' Percentage Range (W%R) 28.10
Lane's Stochastic (%D-Slow) 85.00
Overbought
Greed/Fear Indicator (GFI) 70.14
Moving Average Converg./Diverg. (MACD) 59.92
Trading Signals
Description Value Chart
Weekly Trendline Support 1031.13
Upper Bollinger Band 1028.27
Weekly Stochastic Crossing 1013.62
Weekly Trendline Resistance 1008.78
Parabolic System 1003.24
20 Day Moving Average 995.69
50 Day Moving Average 952.93
Daily Stochastic Crossing 941.71
Lower Bollinger Band 937.63
Quarterly Trendline Resistance 927.65
Price 923.72
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Industrial Machinery 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1034.96
High Date 02/25/2026
Low 917.53
Low Date 03/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 1008.78
Support 1031.13
Low 715.37
Low Date 10/10/2025
High 1034.96
High Date 02/25/2026
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 927.65
Support 579.13
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 236.31
Support 104.20
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.