PARKER HANNIFIN CORP (PH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PH - US7010941042 - Common Stock
We assign a technical rating of 10 out of 10 to PH. Both in the recent history as in the last year, PH has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, PH also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 893.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 886.13, a Stop Loss order could be placed below this zone.
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498.27
5 important support areas can be observed.
- A support zone ranging from 874.80 to 886.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 804.10 to 817.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 762.05 to 764.61. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 893.99 to 899.14. 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 | UP | POSITIVE | The short term trend for PH is up. |
| ChartMill Relative Strength | 89.33 | POSITIVE | PH has a high relative strength, it outperformed 89.33% 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) | 62.46 | NEUTRAL | The RSI value for PH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.95 | NEGATIVE | The MACD value suggests PH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.2 | NEUTRAL | The Stochastics value for PH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for PH suggests low volalility. |
| Average Directional Index/ADX (14) | 29.83 | POSITIVE | The high ADX value value for PH suggests a strong trend. |
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 |
|---|---|---|---|
| 899.15 | 874.79 | 24.36 (2.71%) | 25.00% |
| An entry @899.15. This is a Buy Stop order right above the resistance zone. | An exit @874.79. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 24.36 points, which is 2.71%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
893.98
+15.02 (+1.71%)
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 trend direction for 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 62.461. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PARKER HANNIFIN CORP?
The MACD indicator for PARKER HANNIFIN CORP (PH) has a value of -1.95189, indicating a bearish trend.
What is the short term momentum for PH stock?
The short term momentum for PARKER HANNIFIN CORP (PH) is positive.