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Downtrend Broken Resist.Archive
- 10/30/2026 -
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Parker-Hannifin (PH) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Parker-Hannifin (PH). During the week, the PH gained 19.25 points, or 2.19%, and closed at 899.82 on Friday, October 30, 2026. Weekly volume was 7% above 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 (144.48) 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 632.24 and resistance is at 1035.11. 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.
The weekly MACD line is below its signal line since September 4, 2026. 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 October 6, 2026 at 992.00 and reached 868.49 on October 23, 2026. PH lost 123.51 points, or 12.45%, in 17 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See PH daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 21, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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