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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- 9/25/2026 -
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Parker-Hannifin (PH) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 992.27
Daily :Broken trend support lineLane's Stochastic is strongly overboughtPrice is close to the 50 Day Moving AverageBearish Advance Block CandlestickDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 6 consecutive negative weeks for the Parker-Hannifin (PH). During the week, the PH gained 34.79 points, or 3.69%, and closed at 978.33 on Friday, September 25, 2026. Weekly volume was -15% 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 (143.98) 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 (992.27). 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. The distance between MACD and the signal line is low, but getting bigger. 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 June 1, 2026 at 815.01 and reached 1099.94 on August 6, 2026. PH gained -284.93 points, or -34.96%, in 66 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (1200.87) 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 Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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.

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

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See PH candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.82
Williams' Percentage Range (W%R) 40.10
Lane's Stochastic (%D-Slow) 91.61
Strong Overbought
Greed/Fear Indicator (GFI) 69.09
Moving Average Converg./Diverg. (MACD) -12.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.69
Williams' Percentage Range (W%R) 44.20
Lane's Stochastic (%D-Slow) 25.01
Greed/Fear Indicator (GFI) 43.95
Moving Average Converg./Diverg. (MACD) 25.80
Trading Signals
Description Value Chart
Upper Bollinger Band 1004.67
Quarterly Trendline Resistance 992.27
50 Day Moving Average 987.93
Price 978.33
Daily Stochastic Crossing 976.65
20 Day Moving Average 954.09
Weekly Stochastic Crossing 946.24
Parabolic System 936.58
Lower Bollinger Band 924.28
Sector and Industry
Description Name Rank
Sector Industrials 3
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 Rising Wedge
Status Broken Support
Resistance 1215.98
Support 1200.87
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 992.27
Support 678.61
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 187.13
Support 143.98
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.