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Downtrend Broken Resist.Archive
- 5/22/2026 -
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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 after 4 consecutive negative weeks for the Parker-Hannifin (PH). During the week, the PH climbed 4.24 points, or 0.49%, and closed at 866.96 on Friday, May 22, 2026. Weekly volume was 6% above 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 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 (104.88) 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 trend support level is at 599.71 and resistance is at 933.18. 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 6, 2026. The distance between MACD and the signal line is near its high and getting bigger. 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 April 17, 2026 at 1029.00 and reached 839.15 on May 19, 2026. PH lost 189.85 points, or 18.45%, in 32 days. The price is now at the 14.65% retracement level.
 Daily Technical Indicators: [See PH daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 28, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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