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.

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- 2/20/2026 -
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Parker-Hannifin (PH) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergence
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It was a fourth consecutive positive week for the Parker-Hannifin (PH). During the week, the PH gained 20.48 points, or 2.04%, and closed at 1022.23 on Friday, February 20, 2026. Weekly volume was -12% 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 1024.58 on February 20, 2026. PH gained -1020.14 points, or -22976.13%, in 1844 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (104.07) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 1024.58 on February 20, 2026. PH gained -794.14 points, or -344.62%, in 192 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (575.32) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 31, 2025. 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 October 10, 2025 at 715.37 and reached 1024.58 on February 20, 2026. PH gained -309.21 points, or -43.22%, in 133 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (999.74) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See PH daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since February 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.02
Overbought
Williams' Percentage Range (W%R) 14.60
Overbought
Lane's Stochastic (%D-Slow) 87.97
Overbought
Greed/Fear Indicator (GFI) 84.78
Overbought
Moving Average Converg./Diverg. (MACD) 22.33 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 89.16
Overbought
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 89.39
Overbought
Greed/Fear Indicator (GFI) 83.56
Overbought
Moving Average Converg./Diverg. (MACD) 55.36
Trading Signals
Description Value Chart
Upper Bollinger Band 1037.57
Price 1022.23
Daily Stochastic Crossing 1019.15
Weekly Stochastic Crossing 1007.65
Weekly Trendline Support 999.74
Parabolic System 996.37
Weekly Trendline Resistance 990.72
20 Day Moving Average 970.41
50 Day Moving Average 929.76
Quarterly Trendline Resistance 920.07
Lower Bollinger Band 913.50
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Industrial Machinery 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 911.40
Low Date 01/28/2026
High 1024.58
High Date 02/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 990.72
Support 999.74
Low 715.37
Low Date 10/10/2025
High 1024.58
High Date 02/20/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 488.50
Low Date 04/07/2025
High 1024.58
High Date 02/20/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 920.07
Support 575.32
Low 230.44
Low Date 06/17/2022
High 1024.58
High Date 02/20/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 235.99
Support 104.07
Low 4.44
Low Date 10/17/1990
High 1024.58
High Date 02/20/2026
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.