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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- 5/15/2026 -
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Parker-Hannifin (PH) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergenceThe period of high volatility of the stock price
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It was the negative week for the Parker-Hannifin (PH). During the week, the PH dropped -16.11 points, or -1.83%, and closed at 862.72 on Friday, May 15, 2026. PH was trading at average weekly trading volume.

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 (104.82) 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 597.81 and resistance is at 929.75. 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 strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 855.82 on May 15, 2026. PH lost 173.18 points, or 16.83%, in 28 days. The chart has formed a Falling Channel chart pattern.

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

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 the Bollinger Bands is 105.30% higher then one year average. It indicates the period of high volatility of the stock price. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.74
Williams' Percentage Range (W%R) 89.20
Oversold
Lane's Stochastic (%D-Slow) 28.01
Bullish
Greed/Fear Indicator (GFI) 20.19
Moving Average Converg./Diverg. (MACD) -15.65 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.30
Williams' Percentage Range (W%R) 91.20
Strong Oversold
Lane's Stochastic (%D-Slow) 40.09
Greed/Fear Indicator (GFI) 30.04
Moving Average Converg./Diverg. (MACD) 40.51
Trading Signals
Description Value Chart
Upper Bollinger Band 994.93
Quarterly Trendline Resistance 929.75
50 Day Moving Average 922.83
20 Day Moving Average 916.88
Weekly Stochastic Crossing 913.59
Parabolic System 895.66
Daily Stochastic Crossing 873.71
Price 862.72
Lower Bollinger Band 815.11
Sector and Industry
Description Name Rank
Sector Industrials 4
Industry Industrial Machinery 53
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 1029.00
High Date 04/17/2026
Low 855.82
Low Date 05/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1034.96
High Date 02/25/2026
Low 855.82
Low Date 05/15/2026
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 Valid
Resistance 929.75
Support 597.81
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 237.85
Support 104.82
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.