PARKER HANNIFIN CORP (PH) Stock Technical Analysis
NYSE:PH - New York Stock Exchange, Inc. - US7010941042 - Common Stock - Currency: USD
Taking everything into account, PH scores 7 out of 10 in our technical rating. PH was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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.
When comparing the yearly performance of all stocks, we notice that PH is one of the better performing stocks in the market, outperforming 84% of all stocks.
PH is part of the Machinery industry. There are 128 other stocks in this industry. PH outperforms 78% 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.
PH is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
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.
More info and screens
498.27
716.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 654.08 to 654.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @537.36 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 707.06 to 709.47. This zone is formed by a combination of multiple trend lines 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 | 84.82 | POSITIVE | PH has a high relative strength, it outperformed 84.82% 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) | 48.61 | NEUTRAL | The RSI value for PH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.13 | NEGATIVE | The MACD value suggests PH has a negative trend. |
| Stochastics (14,3) | 57.85 | NEUTRAL | The Stochastics value for PH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for PH suggests low volalility. |
| Average Directional Index/ADX (14) | 11.77 | 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)
654.09
-12.77 (-1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.91%
1 Week-2.56%
2 Weeks-1.6%
1 Month-2.76%
3 Month7.6%
6 Month-2.64%
12 Month29.96%
2 Year67.7%
3 Year165.84%
5 Year256.9%
10 Year462.27%
15 Year1079.39%
Volatility
ATR(14)10.35
ATR(20)%1.74%
ATR Inc13.8%
Range Today9.75
ADR(20)10.1
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.82
Mansfield0.09
10 Day High676.76
10 Day Low651.22
20 Day High682.48
20 Day Low637.21
52 Week High718.44
52 Week Low488.45
CS1 End654.08
CR1 Start707.06
Volume & EV
DER(3)-1.85%
DER(5)-1.24%
Volume682.70K
Volume Incr-21.08%
Vol(5)524.08K
Vol(50)808.89K