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.

Archive
- 7/10/2026 -
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Parker-Hannifin (PH) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineTrend resistance at 955.17
Daily :Daily  MACD line has moved below its signal lineThe 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 -1.62 points, or -0.17%, and closed at 961.27 on Friday, July 10, 2026. Weekly volume was -22% below average.

PH is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 (105.29) 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 price is near the trend resistance line (955.17). 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 March 6, 2026. The distance between MACD and the signal line is low and getting smaller. 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 February 25, 2026 at 1034.96 and reached 815.01 on June 1, 2026. PH lost 219.95 points, or 21.25%, in 96 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 787.56 and resistance is at 1019.56. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See PH daily technical indicators chart]
Daily technical indicators are neutral.

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

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) 52.17
Williams' Percentage Range (W%R) 45.30
Lane's Stochastic (%D-Slow) 41.22
Greed/Fear Indicator (GFI) 49.35
Moving Average Converg./Diverg. (MACD) 18.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.28
Williams' Percentage Range (W%R) 39.50
Lane's Stochastic (%D-Slow) 62.49
Greed/Fear Indicator (GFI) 57.15
Moving Average Converg./Diverg. (MACD) 18.09
Trading Signals
Description Value Chart
Weekly Trendline Resistance 1019.56
Upper Bollinger Band 988.77
Parabolic System 978.42
Price 961.27
Quarterly Trendline Resistance 955.17
20 Day Moving Average 951.96
Daily Stochastic Crossing 948.73
Weekly Stochastic Crossing 947.32
50 Day Moving Average 904.44
Lower Bollinger Band 900.19
Weekly Trendline Support 787.56
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Industrial Machinery 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 815.01
Low Date 06/01/2026
High 1003.79
High Date 06/25/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 1019.56
Support 787.56
High 1034.96
High Date 02/25/2026
Low 815.01
Low Date 06/01/2026
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 Test Resistance
Resistance 955.17
Support 611.90
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 239.01
Support 105.29
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.