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Downtrend Broken Resist.Archive
- 10/16/2026 -
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Parker-Hannifin (PH) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Parker-Hannifin (PH). During the week, the PH climbed 0.78 points, or 0.08%, and closed at 963.34 on Friday, October 16, 2026. Weekly volume was -20% 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 (144.28) 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 trend support level is at 684.97 and resistance is at 1002.58. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 27.54% retracement level.
Daily Technical Indicators: [See PH daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 14, 2026. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.98%) is close to one year low (4.30%). It is 65.89% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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