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Archive
- 8/9/2019 -
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Parker-Hannifin (PH)

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :Lane's Stochastic is oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Parker-Hannifin (PH). During the week, the PH dropped -4.48 points, or -2.65%, and closed at 164.51 on Friday, August 9, 2019. Weekly volume was -35% below average.

PH is a member of Industrial Goods Sector. Industrial Goods is the 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 uptrend had started on October 17, 1990 at 4.44 and reached 212.80 on January 16, 2018. PH gained -208.36 points, or -4692.79%, in 1421 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (85.36) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See PH medium-term trend chart]
A medium-term uptrend had started on December 24, 2018 at 140.82 and reached 190.97 on April 22, 2019. PH gained -50.15 points, or -35.61%, in 17 weeks. The price is now at the 52.76% retracement level.

Weekly Technical Indicators: [See PH weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See PH short-term trend chart]
A short-term uptrend had started on May 31, 2019 at 152.18 and reached 182.08 on August 1, 2019. PH gained -29.90 points, or -19.65%, in 62 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See PH daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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 daily MACD line is below its signal line since August 1, 2019.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.20
Williams' Percentage Range (W%R) 75.50
Lane's Stochastic (%D-Slow) 18.74
Oversold
Greed/Fear Indicator (GFI) 28.80
Moving Average Converg./Diverg. (MACD) 0.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.34
Williams' Percentage Range (W%R) 63.70
Lane's Stochastic (%D-Slow) 65.19
Greed/Fear Indicator (GFI) 49.96
Moving Average Converg./Diverg. (MACD) 0.09
Trading Signals
Description Value Chart
Upper Bollinger Band 178.30
Weekly Stochastic Crossing 175.05
Parabolic System 171.62
20 Day Moving Average 170.63
50 Day Moving Average 167.66
Daily Stochastic Crossing 165.71
Price 164.51
Lower Bollinger Band 160.00
Yearly Trendline Resistance 155.72
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry Industrial Equip/Componts 78
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 152.18
Low Date 05/31/2019
High 182.08
High Date 08/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 190.97
High Date 04/22/2019
Low 152.18
Low Date 05/31/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 140.82
Low Date 12/24/2018
High 190.97
High Date 04/22/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 212.80
High Date 01/16/2018
Low 140.82
Low Date 12/24/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 155.72
Support 85.36
Low 4.44
Low Date 10/17/1990
High 212.80
High Date 01/16/2018
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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