PH Technical Analysis - PARKER HANNIFIN CORP

Technical Rating and Analysis

Overall PH gets a technical rating of 4 out of 10. PH has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month PH has a been trading in the 715.37 - 772.14 range, which is quite wide. It is currently trading near the lows of this range.

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.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When comparing the performance of all stocks over the past year, PH turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.

PH is an average performer in the Machinery industry, it outperforms 65% of 130 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PARKER HANNIFIN CORP / PH Weekly stock chart

PARKER HANNIFIN CORP / PH Daily stock chart

Setup Rating and Analysis

PH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 724.33, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

498.27

777.38

When analyzing the support we can see 3 important areas.

A support zone ranging from 716.65 to 724.33. 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.

We can see 2 important resistance areas.

A resistance zone ranging from 734.51 to 749.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 762.05 to 769.68. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	66.59	NEUTRAL	PH is not amongst the best or worst performers 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)	44.49	NEUTRAL	The RSI value for PH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.63	NEGATIVE	The MACD value suggests PH has a negative trend, although the MACD value is rising.
Stochastics (14,3)	30.24	NEUTRAL	The Stochastics value for PH is a neutral value.
Average True Range in percent/ATR (20)	2.22	MEDIUM VOLATILITY	The ATR as a percentage value for PH suggests some volalility.
Average Directional Index/ADX (14)	14.33	NEGATIVE	The low ADX value for PH suggests a weak or negative trend.