Londinia Opportunities Analyses - 04/19/2024 (GMT) PARKER-HANNIFIN - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 536.39 USD
My targets
528.00 USD (-1.01%)
518.99 USD (-2.70%)
My analysis
The bearish trend is currently very strong for PARKER-HANNIFIN. As long as the price remains below the resistance at 536.39 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 528.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 518.99 USD as an objective. Crossing it would then enable sellers to target 462.12 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.4
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Additional analysis
Quotes
The PARKER-HANNIFIN price is 533.40 USD. The price is lower by -0.87% since the last closing and was traded between 531.78 USD and 543.29 USD over the period. The price is currently at +0.30% from its lowest and -1.82% from its highest.531.78
543.29
533.40
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PARKER-HANNIFIN:
Near a 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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of PARKER-HANNIFIN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 462.12 | 528.00 | 531.32 | 533.40 | 536.39 | 540.34 | 547.63 |
| Change (%) | -13.36% | -1.01% | -0.39% | - | +0.56% | +1.30% | +2.67% |
| Change | -71.28 | -5.40 | -2.08 | - | +2.99 | +6.94 | +14.23 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 523.79 | 530.58 | 534.34 | 541.13 | 544.89 | 551.68 | 555.44 |
| Camarilla | 535.19 | 536.16 | 537.12 | 538.09 | 539.06 | 540.02 | 540.99 |
| Woodie | 522.27 | 529.82 | 532.82 | 540.37 | 543.37 | 550.92 | 553.92 |
| Fibonacci | 530.58 | 534.61 | 537.10 | 541.13 | 545.16 | 547.65 | 551.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 518.99 | 532.68 | 541.50 | 555.19 | 564.01 | 577.70 | 586.52 |
| Camarilla | 544.13 | 546.19 | 548.26 | 550.32 | 552.38 | 554.45 | 556.51 |
| Woodie | 516.56 | 531.46 | 539.07 | 553.97 | 561.58 | 576.48 | 584.09 |
| Fibonacci | 532.68 | 541.28 | 546.59 | 555.19 | 563.79 | 569.10 | 577.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 499.09 | 512.56 | 534.18 | 547.65 | 569.27 | 582.74 | 604.36 |
| Camarilla | 546.14 | 549.36 | 552.57 | 555.79 | 559.01 | 562.22 | 565.44 |
| Woodie | 503.16 | 514.60 | 538.25 | 549.69 | 573.34 | 584.78 | 608.43 |
| Fibonacci | 512.56 | 525.97 | 534.25 | 547.65 | 561.06 | 569.34 | 582.74 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.09 | |
| MACD (12,26,9): | -3.0500 | |
| Directional Movement: | -18.73 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 536.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 541.77 | |
| Elder Ray (13): | -4.21 | |
| Super Trend (3,10): | 546.29 | |
| Zig ZAG (10): | 532.08 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 11.65 | |
| TEMA (21): | 535.70 | |
| Williams %R (14): | -90.57 | |
| Chande Momentum Oscillator (20): | -10.96 | |
| Repulse (5,40,3): | -0.9400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.97 |
| MA7: | 543.64 | |
| MA20: | 551.76 | |
| MA50: | 539.52 | |
| MA100: | 498.85 | |
| MAexp7: | 536.78 | |
| MAexp20: | 539.94 | |
| MAexp50: | 544.99 | |
| MAexp100: | 548.24 | |
| Price / MA7: | -1.88% | |
| Price / MA20: | -3.33% | |
| Price / MA50: | -1.13% | |
| Price / MA100: | +6.93% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | -1.21% | |
| Price / MAexp50: | -2.13% | |
| Price / MAexp100: | -2.71% |
Quotes :
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15 min delayed data
-
Actions NYSE
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:
- Parker Reports Fiscal 2017 Second Quarter Results
- Parker Acquires Helac Corporation
- Parker Increases Quarterly Cash Dividend 5% to 66 Cents per Share
- Parker to Announce Fiscal 2017 Second Quarter Earnings on February 2; Conference Call and Webcast Scheduled for 11 a.m. Eastern
- Parker to Acquire Filtration Company CLARCOR in a Strategic Portfolio Transaction