PARKER HANNIFIN CORP (PH) Stock Technical Analysis
USA - NYSE:PH - US7010941042 - Common Stock
Taking everything into account, PH scores 10 out of 10 in our technical rating. 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.
PH has an excellent technical rating, but the quality of the setup is only medium 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.
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498.27
We found 4 important support areas.
- A support zone ranging from 753.59 to 769.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 716.65 to 716.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @697.13 from a horizontal line in the daily time frame.
- Support @503.30 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for PH is up. |
| ChartMill Relative Strength | 81.03 | POSITIVE | PH has a high relative strength, it outperformed 81.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PH is above 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) | 64.49 | NEUTRAL | The RSI value for PH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.96 | POSITIVE | The MACD value suggests PH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.7 | NEUTRAL | The Stochastics value for PH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for PH suggests some volalility. |
| Average Directional Index/ADX (14) | 33.58 | POSITIVE | The high ADX value value for PH suggests a strong trend. |
831.95
-9.99 (-1.19%)
PARKER HANNIFIN CORP / PH FAQ
What is the technical rating for PH stock?
ChartMill assigns a technical rating of 10 / 10 to PH.
What is the current trend direction of PARKER HANNIFIN CORP (PH) stock?
The current trend direction for PARKER HANNIFIN CORP (PH) is Bullish.
What is the RSI signal for PARKER HANNIFIN CORP (PH) stock?
PARKER HANNIFIN CORP (PH) has an RSI value of 64.4939. This indicates that the stock is currently neutral.
What is the buy/sell signal for PH stock?
The buy/sell signal for PARKER HANNIFIN CORP (PH) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for PARKER HANNIFIN CORP (PH) stock?
PARKER HANNIFIN CORP (PH) has a support level at 769.23. Check the full technical report for our detailed analysis of PH support and resistance levels.