PARKER HANNIFIN CORP (PH) Stock Technical Analysis
NYSE:PH - New York Stock Exchange, Inc. - US7010941042 - Common Stock - Currency: USD
Overall PH gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month PH has a been trading in the 698.58 - 745.35 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that PH is one of the better performing stocks in the market, outperforming 85% of all stocks.
PH is part of the Machinery industry. There are 127 other stocks in this industry. PH outperforms 79% of them.
PH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PH is performing more or less in line with the market.
Although PH has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
498.27
746.46
3 important support areas can be observed.
- A support zone ranging from 652.20 to 652.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @551.45 from a trend line in the weekly time frame.
- Support @503.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 720.30 to 739.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PH is neutral. |
| ChartMill Relative Strength | 85.6 | POSITIVE | PH has a high relative strength, it outperformed 85.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.71 | NEUTRAL | The RSI value for PH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.08 | NEGATIVE | The MACD value suggests PH has a negative trend. |
| Stochastics (14,3) | 57.25 | NEUTRAL | The Stochastics value for PH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for PH suggests low volalility. |
| Average Directional Index/ADX (14) | 24.32 | NEUTRAL | The ADX value for PH suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
712.13
-19.77 (-2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.7%
1 Week-3.61%
2 Weeks-1.45%
1 Month-0.98%
3 Month15.04%
6 Month0.72%
12 Month37.34%
2 Year70.82%
3 Year168.73%
5 Year245.68%
10 Year561.46%
15 Year1103.74%
Volatility
ATR(14)13.14
ATR(20)%1.77%
ATR Inc70.78%
Range Today15.36
ADR(20)11.85
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.6
Mansfield0.32
10 Day High745.35
10 Day Low701.55
20 Day High745.35
20 Day Low698.58
52 Week High745.35
52 Week Low488.45
CS1 End652.72
CR1 Start720.3
Volume & EV
DER(3)2.16%
DER(5)0.46%
Volume903.50K
Volume Incr20.32%
Vol(5)652.46K
Vol(50)576.96K