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Downtrend Broken Resist.Archive
- 7/19/2024 -
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Parker-Hannifin (PH) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Parker-Hannifin (PH). During the week, the PH gained 6.75 points, or 1.25%, and closed at 544.65 on Friday, July 19, 2024. Weekly volume was 29% 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 570.15 on April 4, 2024. PH gained -565.71 points, or -12741.22%, in 1746 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (99.02) 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 570.15 on April 4, 2024. PH gained -339.71 points, or -147.42%, in 93 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (433.83) 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 technical indicators are neutral.
The weekly MACD line is below its signal line since April 26, 2024. 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 17, 2024 at 492.71 and reached 568.90 on July 16, 2024. PH gained -76.19 points, or -15.46%, in 29 days. The price is now at the 31.83% retracement level.
 Daily Technical Indicators: [See PH daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 above its signal line since July 1, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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