PARKER HANNIFIN CORP (PH) Technical Analysis
NYSE:PH • US7010941042
Current stock price
PH Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to PH. In the last year, PH was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month PH has a been trading in the 888.00 - 1034.96 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that PH is one of the better performing stocks in the market, outperforming 85% of all 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 76% of 131 stocks in the same industry.
- 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.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
PH Weekly and Daily overview Charts
PH Setup Rating and Analysis
PH has an average technical rating and it also does not offer a high quality setup 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
3 important support areas can be observed.
- A support zone ranging from 879.16 to 889.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 801.25 to 804.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @503.30 from a horizontal line in the weekly time frame.
We found 1 important resistance 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 | DOWN | NEGATIVE | The short term trend for PH is down. |
| ChartMill Relative Strength | 85.02 | POSITIVE | PH has a high relative strength, it outperformed 85.02% 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 | MIXED | The current price of PH is below 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) | 31.17 | NEUTRAL | The RSI value for PH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -14.08 | NEGATIVE | The MACD value suggests PH has a negative trend. |
| Stochastics (14,3) | 10.96 | OVERSOLD | The low Stochastics value suggests PH may be oversold. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for PH suggests some volalility. |
| Average Directional Index/ADX (14) | 29.83 | POSITIVE | The high ADX value value for PH suggests a strong trend. |
PH Chart- and CandleStick Pattern Analysis
PH Technicals: Chart, Performance Metrics, Trend & Indicators
889.86
-12.31 (-1.36%)
PARKER HANNIFIN CORP / PH TA FAQ
What is the technical rating for PH stock?
ChartMill assigns a technical rating of 6 / 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 31.1742. 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 -14.0762, indicating a bearish trend.
What is the short term momentum for PH stock?
The short term momentum for PARKER HANNIFIN CORP (PH) is negative.