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
- 8/28/2026 -
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Parker-Hannifin (PH) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 979.22
Daily :Broken trend support lineStochastic signal line moved above oversold areaLane's Stochastic bullish divergenceThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving Average
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It was the negative week for the Parker-Hannifin (PH). During the week, the PH gave back -6.72 points, or -0.67%, and closed at 995.02 on Friday, August 28, 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 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 (143.59) 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 price is near the trend resistance line (979.22). 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 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 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 (1110.36) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral. 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 has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic 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 link to access Lane's Stochastic help.

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

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 price 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) 29.82
Williams' Percentage Range (W%R) 67.30
Lane's Stochastic (%D-Slow) 30.49
Bullish
Greed/Fear Indicator (GFI) 31.01
Moving Average Converg./Diverg. (MACD) 13.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.68
Williams' Percentage Range (W%R) 30.10
Lane's Stochastic (%D-Slow) 73.31
Greed/Fear Indicator (GFI) 67.48
Moving Average Converg./Diverg. (MACD) 27.11
Trading Signals
Description Value Chart
Weekly Trendline Resistance 1152.99
Weekly Trendline Support 1110.36
Upper Bollinger Band 1074.22
Parabolic System 1055.91
Weekly Stochastic Crossing 1049.82
20 Day Moving Average 1031.69
Daily Stochastic Crossing 1008.53
Price 995.02
50 Day Moving Average 991.34
Quarterly Trendline Resistance 979.22
Lower Bollinger Band 959.27
Sector and Industry
Description Name Rank
Sector Industrials 5
Industry Industrial Machinery 43
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1099.94
High Date 08/06/2026
Low 990.35
Low Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 1152.99
Support 1110.36
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 Test Resistance
Resistance 979.22
Support 670.55
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 186.75
Support 143.59
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.