PARKER-HANNIFIN

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	PH
ISIN:

PARKER-HANNIFIN - Daily - Technical analysis published on 03/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 291.12 USD

My targets

317.63 USD (+2.11%)

337.39 USD (+8.47%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PARKER-HANNIFIN as long as the price remains well above 291.12 USD. The buyers” bullish objective is set at 317.63 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 337.39 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by renierlemmens. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PARKER-HANNIFIN price is 311.05 USD. The price is lower by -1.27% since the last closing with the lowest point at 307.07 USD and the highest point at 314.46 USD. The deviation from the price is +1.30% for the low point and -1.08% for the high point.

307.07

314.46

311.05

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PARKER-HANNIFIN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	249.92	279.78	291.12	311.05
Change (%)	-19.65%	-10.05%	-6.41%	-
Change	-61.13	-31.27	-19.93	-
Level	Intermediate	Major	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	299.87	303.47	307.26	310.86	314.65	318.25	322.04
Camarilla	309.02	309.70	310.37	311.05	311.73	312.41	313.08
Woodie	299.97	303.52	307.36	310.91	314.75	318.30	322.14
Fibonacci	303.47	306.29	308.04	310.86	313.68	315.43	318.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	290.16	298.62	304.83	313.29	319.50	327.96	334.17
Camarilla	307.02	308.36	309.71	311.05	312.40	313.74	315.08
Woodie	289.05	298.06	303.72	312.73	318.39	327.40	333.06
Fibonacci	298.62	304.22	307.68	313.29	318.89	322.35	327.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	232.09	247.43	267.19	282.53	302.29	317.63	337.39
Camarilla	277.31	280.53	283.74	286.96	290.18	293.40	296.61
Woodie	234.31	248.54	269.41	283.64	304.51	318.74	339.61
Fibonacci	247.43	260.84	269.12	282.53	295.94	304.22	317.63

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.85
MACD (12,26,9):	9.1300
Directional Movement:	11.34
AROON (14):	71.43
DEMA (21):	312.92
Parabolic SAR (0,02-0,02-0,2):	306.88
Elder Ray (13):	4.56
Super Trend (3,10):	294.71
Zig ZAG (10):	311.05
VORTEX (21):	1.1900
Stochastique (14,3,5):	81.33
TEMA (21):	316.83
Williams %R (14):	-31.80
Chande Momentum Oscillator (20):	14.51
Repulse (5,40,3):	-0.3800
ROCnROLL:	1
TRIX (15,9):	0.4300
Courbe Coppock:	14.63

MA7:	312.35
MA20:	300.62
MA50:	285.31
MA100:	271.89
MAexp7:	310.74
MAexp20:	301.30
MAexp50:	287.70
MAexp100:	269.92
Price / MA7:	-0.42%
Price / MA20:	+3.47%
Price / MA50:	+9.02%
Price / MA100:	+14.40%
Price / MAexp7:	+0.10%
Price / MAexp20:	+3.24%
Price / MAexp50:	+8.12%
Price / MAexp100:	+15.24%

Quotes : 2021-03-19 19:59:59 - 15 min delayed data - NYSE Stocks

News

Don"t forget to follow the news on PARKER-HANNIFIN. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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