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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- 10/2/2026 -
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Parker-Hannifin (PH) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 995.71
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergenceThe 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 gave back -5.78 points, or -0.59%, and closed at 972.55 on Friday, October 2, 2026. Weekly volume was -23% below average.

Long-term trend: [See PH long-term trend chart]
A long-term uptrend had started on October 17, 1990 at 4.44 and reached 1099.94 on August 6, 2026. PH gained -1095.50 points, or -24673.42%, in 1868 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (134.60) 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 1099.94 on August 6, 2026. PH gained -869.50 points, or -377.32%, in 215 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (995.71). 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 below its signal line since September 4, 2026. Use the following link to access a MACD help.

Short-term trend: [See PH short-term trend chart]
A short-term downtrend had started on August 6, 2026 at 1099.94 and reached 911.41 on September 16, 2026. PH lost 188.53 points, or 17.14%, in 41 days. The price is now at the 32.43% retracement level.

Daily Technical Indicators: [See PH daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since September 21, 2026.

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) 69.63
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 67.55
Bearish
Greed/Fear Indicator (GFI) 75.83
Moving Average Converg./Diverg. (MACD) -7.14 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.55
Williams' Percentage Range (W%R) 43.20
Lane's Stochastic (%D-Slow) 20.65
Greed/Fear Indicator (GFI) 43.06
Moving Average Converg./Diverg. (MACD) 24.36
Trading Signals
Description Value Chart
Upper Bollinger Band 1001.72
Quarterly Trendline Resistance 995.71
50 Day Moving Average 988.21
Parabolic System 984.14
Price 972.55
Daily Stochastic Crossing 970.70
20 Day Moving Average 953.76
Weekly Stochastic Crossing 947.24
Lower Bollinger Band 929.01
Sector and Industry
Description Name Rank
Sector Industrials 4
Industry Industrial Machinery 34
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1099.94
High Date 08/06/2026
Low 911.41
Low Date 09/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 815.01
Low Date 06/01/2026
High 1099.94
High Date 08/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 488.50
Low Date 04/07/2025
High 1099.94
High Date 08/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 995.71
Support 680.73
Low 230.44
Low Date 06/17/2022
High 1099.94
High Date 08/06/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 176.87
Support 134.60
Low 4.44
Low Date 10/17/1990
High 1099.94
High Date 08/06/2026
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.