PARKER HANNIFIN CORP (PH) Stock Technical Analysis
USA - NYSE:PH - US7010941042 - Common Stock
755.68 USD
-0.02 (0%)
755.68 USD
0 (0%)
Overall PH gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PH is showing a nice and steady performance.
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!
Looking at the yearly performance, PH did better than 76% of all other stocks.
PH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PH has a been trading in the 730.25 - 779.77 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PH is part of the Machinery industry. There are 129 other stocks in this industry, PH did better than 67% of them.
Besides having an excellent technical rating, PH also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 739.53, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
498.27
777.38
When analyzing the support we can see 5 important areas.
- A support zone ranging from 730.52 to 739.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @697.12 from a horizontal line in the daily time frame.
- Support @652.72 from a horizontal line in the weekly time frame.
- Support @565.55 from a trend line in the weekly time frame.
- Support @503.30 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 757.27 to 769.68. 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 | 76.17 | POSITIVE | PH has a high relative strength, it outperformed 76.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PH is below the rising 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) | 52.9 | NEUTRAL | The RSI value for PH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.26 | NEGATIVE | The MACD value suggests PH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.81 | NEUTRAL | The Stochastics value for PH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for PH suggests low volalility. |
| Average Directional Index/ADX (14) | 15.33 | NEGATIVE | The low ADX value for PH suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 769.69 | 730.51 | 39.18 (5.09%) | 19.64% |
| An entry @769.69. This is a Buy Stop order right above the resistance zone. | An exit @730.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 39.18 points, which is 5.09%. | When investing 19.64% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
755.68
-0.02 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0%
1 Week-0.41%
2 Weeks-0.38%
1 Month3.09%
3 Month15.77%
6 Month21.47%
12 Month21.15%
2 Year94%
3 Year211.87%
5 Year273.47%
10 Year676.65%
15 Year978.62%
Volatility
ATR(14)14.73
ATR(20)%1.92%
ATR Inc15.8%
Range Today12.28
ADR(20)13.47
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.17
Mansfield0.14
10 Day High779.77
10 Day Low730.25
20 Day High779.77
20 Day Low730.25
52 Week High779.77
52 Week Low488.45
CS1 End739.53
CR1 Start757.27
Volume & EV
DER(3)1.36%
DER(5)0.28%
Volume791.70K
Volume Incr23.28%
Vol(5)745.96K
Vol(50)649.02K