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
- 8/14/2026 -
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Parker-Hannifin (PH) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought area20 Day Moving Average has crossed below the 50 Day Moving AverageThe price has risen above the Parabolic SAR
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It was the negative week for the Parker-Hannifin (PH). During the week, the PH dropped -18.02 points, or -1.68%, and closed at 1055.85 on Friday, August 14, 2026. It was the worst weekly loss since May 29, 2026. Weekly volume was -29% 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 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 (143.39) 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 uptrend resistance line (666.31) 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 medium-term trend.

Weekly Technical Indicators: [See PH weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 weekly MACD line is above its signal line since July 10, 2026. This is an indication that the medium-term trend is up. 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 July 7, 2026 at 929.34 and reached 1099.94 on August 6, 2026. PH gained -170.60 points, or -18.36%, in 30 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See PH daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since August 3, 2026. This is an indication that the short-term trend is up.

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.

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) 66.15
Williams' Percentage Range (W%R) 26.50
Lane's Stochastic (%D-Slow) 72.18
Greed/Fear Indicator (GFI) 70.60
Moving Average Converg./Diverg. (MACD) 24.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.78
Williams' Percentage Range (W%R) 14.70
Overbought
Lane's Stochastic (%D-Slow) 83.25
Overbought
Greed/Fear Indicator (GFI) 77.48
Moving Average Converg./Diverg. (MACD) 22.43
Trading Signals
Description Value Chart
Upper Bollinger Band 1103.23
Weekly Stochastic Crossing 1074.99
Daily Stochastic Crossing 1067.67
Price 1055.85
Parabolic System 1009.19
20 Day Moving Average 1007.98
Quarterly Trendline Resistance 972.35
50 Day Moving Average 967.96
Lower Bollinger Band 929.30
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Industrial Machinery 73
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 929.34
Low Date 07/07/2026
High 1099.94
High Date 08/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Broken Resistance
Resistance 972.35
Support 666.31
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 186.55
Support 143.39
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.