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- 6/26/2020 -
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Parker-Hannifin (PH)

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought area
Daily :Williams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Parker-Hannifin (PH). During the week, the PH dropped -10.40 points, or -5.68%, and closed at 172.54 on Friday, June 26, 2020. Weekly volume was -41% below average.

PH is a member of Industrials Sector. Industrials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PH long-term trend chart]
A long-term downtrend had started on February 20, 2020 at 215.94 and reached 93.00 on March 18, 2020. PH lost 122.94 points, or 56.93%, in 3 weeks. The price is now at the 64.70% retracement level.

Medium-term trend: [See PH medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 93.00 and reached 209.40 on June 5, 2020. PH gained -116.40 points, or -125.16%, in 11 weeks. The price is now at the 31.67% retracement level.

Weekly Technical Indicators: [See PH weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since May 15, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See PH short-term trend chart]
A short-term downtrend had started on June 16, 2020 at 195.91 and reached 170.30 on June 25, 2020. PH lost 25.61 points, or 13.07%, in 9 days. The price is now at the 8.75% retracement level.

Daily Technical Indicators: [See PH daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since June 10, 2020. This is an indication that the short-term trend is down.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.66
Williams' Percentage Range (W%R) 85.40
Oversold
Lane's Stochastic (%D-Slow) 24.87
Greed/Fear Indicator (GFI) 22.69
Moving Average Converg./Diverg. (MACD) 4.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.83
Williams' Percentage Range (W%R) 32.50
Lane's Stochastic (%D-Slow) 79.30
Greed/Fear Indicator (GFI) 68.90
Moving Average Converg./Diverg. (MACD) -5.38
Trading Signals
Description Value Chart
Upper Bollinger Band 195.93
Weekly Stochastic Crossing 192.36
Parabolic System 186.15
20 Day Moving Average 185.39
Daily Stochastic Crossing 174.42
Price 172.54
50 Day Moving Average 167.27
Lower Bollinger Band 163.24
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Industrial Machinery 70
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 195.91
High Date 06/16/2020
Low 170.30
Low Date 06/25/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 195.91
High Date 06/16/2020
Low 170.30
Low Date 06/25/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 209.40
High Date 06/05/2020
Low 170.30
Low Date 06/25/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 93.00
Low Date 03/18/2020
High 209.40
High Date 06/05/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 215.94
High Date 02/20/2020
Low 93.00
Low Date 03/18/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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