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
- 9/11/2026 -
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Parker-Hannifin (PH) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergenceA Parabolic SAR indicator is below and near the price20 Day Moving Average has crossed above the 50 Day Moving AverageBroken trend support line
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It was the negative week for the Parker-Hannifin (PH). During the week, the PH dropped -12.36 points, or -1.28%, and closed at 950.23 on Friday, September 11, 2026. Weekly volume was -25% 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 (143.77) 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 674.37 and resistance is at 985.40. 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 (1153.24) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PH may retest the broken support line. It is considered to be a resistance line now. 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 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. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since August 18, 2026.

A Parabolic SAR (stop and reversal) indicator (956.5) comes close to the price (950.23). It indicates that the trend is getting weaker. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 36.38
Williams' Percentage Range (W%R) 86.00
Oversold
Lane's Stochastic (%D-Slow) 20.08
Bullish
Greed/Fear Indicator (GFI) 23.48
Moving Average Converg./Diverg. (MACD) -8.49 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.21
Williams' Percentage Range (W%R) 53.30
Lane's Stochastic (%D-Slow) 47.06
Greed/Fear Indicator (GFI) 48.20
Moving Average Converg./Diverg. (MACD) 28.27 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 1055.94
Weekly Stochastic Crossing 993.55
20 Day Moving Average 992.54
50 Day Moving Average 989.52
Quarterly Trendline Resistance 985.40
Parabolic System 956.50
Price 950.23
Daily Stochastic Crossing 938.85
Lower Bollinger Band 904.68
Sector and Industry
Description Name Rank
Sector Industrials 4
Industry Industrial Machinery 34
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1099.94
High Date 08/06/2026
Low 929.24
Low Date 09/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 1182.83
Support 1153.24
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 Valid
Resistance 985.40
Support 674.37
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 186.93
Support 143.77
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.