PARKER HANNIFIN CORP (PH) Technical Analysis
NYSE:PH • US7010941042
Current stock price
PH Technical Rating and Analysis
Taking everything into account, PH scores 8 out of 10 in our technical rating. In the last year, PH was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, PH did better than 83% of all other stocks. We also observe that the gains produced by PH over the past year are nicely spread over this period.
- PH is one of the better performing stocks in the Machinery industry, it outperforms 72% of 131 stocks in the same industry.
- PH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PH is lagging the market slightly.
- In the last month PH has a been trading in the 858.72 - 1029.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PH Weekly and Daily overview Charts
PH Setup Rating and Analysis
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
PH Support and Resistance Analysis
498.27
5 important support areas can be observed.
- Support @923.48 from a trend line in the weekly time frame.
- A support zone ranging from 881.46 to 888.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 861.47 to 863.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @828.54 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 1022.24 to 1023.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
PH Technical Indicator Signal Analysis
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 | 83.91 | POSITIVE | PH has a high relative strength, it outperformed 83.91% 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) | DOWN | NEGATIVE | The current price of PH is below a declining 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) | 50.71 | NEUTRAL | The RSI value for PH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.32 | POSITIVE | The MACD value suggests PH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.59 | NEUTRAL | The Stochastics value for PH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for PH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.92 | NEGATIVE | The low ADX value for PH suggests a weak or negative trend. |
PH Chart- and CandleStick Pattern Analysis
PH Technicals: Chart, Performance Metrics, Trend & Indicators
954.43
-18.26 (-1.88%)
PARKER HANNIFIN CORP / PH TA FAQ
What is the technical rating for PH stock?
ChartMill assigns a technical rating of 8 / 10 to PH.
What is the trend direction for PH stock?
The current trend direction for PARKER HANNIFIN CORP (PH) is Bullish.
Can you provide the RSI signal for PARKER HANNIFIN CORP?
PARKER HANNIFIN CORP (PH) has an RSI value of 50.711. This indicates that the stock is currently neutral.
What is the MACD signal for PARKER HANNIFIN CORP (PH) stock?
The MACD indicator for PARKER HANNIFIN CORP (PH) has a value of 3.31813, indicating a bullish trend.
What is the support and resistance level for PH stock?
PARKER HANNIFIN CORP (PH) has a support level at 923.48 and a resistance level at 1022.24. Check the full technical report for our detailed analysis of PH support and resistance levels.