Trading Parker Hannifin $PH With Integrated Risk Controls
September 20, 2023, 07:00 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PH
- Buy PH slightly over 375.20 target 403.91 stop loss @ 374.12 Details
The technical summary data tells us to buy PH near 375.20 with an upside target of 403.91. This data also tells us to set a stop loss @ 374.12 to protect against excessive loss in case the stock begins to move against the trade. 375.20 is the first level of support below 391.71 , and by rule, any test of support is a buy signal. In this case, support 375.20 would be being tested, so a buy signal would exist.
- Short PH slightly under 403.91, target 375.20, stop loss @ 405.08 Details
The technical summary data is suggesting a short of PH as it gets near 403.91 with a downside target of 375.20. We should have a stop loss in place at 405.08though. 403.91 is the first level of resistance above 391.71, and by rule, any test of resistance is a short signal. In this case, if resistance 403.91 is being tested, so a short signal would exist.
Swing Trading Plans for PH
- Buy PH slightly over 392.70, target 403.91, Stop Loss @ 391.57 Details
If 392.70 begins to break higher, the technical summary data tells us to buy PH just slightly over 392.70, with an upside target of 403.91. The data also tells us to set a stop loss @ 391.57 in case the stock turns against the trade. 392.70 is the first level of resistance above 391.71, and by rule, any break above resistance is a buy signal. In this case, 392.70, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PH slightly near 392.70, target 383.65, Stop Loss @ 393.83. Details
The technical summary data is suggesting a short of PH if it tests 392.70 with a downside target of 383.65. We should have a stop loss in place at 393.83 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 392.70, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PH
- Buy PH slightly over 392.70, target 394.73, Stop Loss @ 391.78 Details
If 392.70 begins to break higher, the technical summary data tells us to buy PH just slightly over 392.70, with an upside target of 394.73. The data also tells us to set a stop loss @ 391.78 in case the stock turns against the trade. 392.70 is the first level of resistance above 391.71, and by rule, any break above resistance is a buy signal. In this case, 392.70, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PH slightly near 392.70, target 386.59, Stop Loss @ 393.62. Details
The technical summary data is suggesting a short of PH if it tests 392.70 with a downside target of 386.59. We should have a stop loss in place at 393.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 392.70, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Parker Hannifin (PH) available here: PH.
PH Ratings for September 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
375.20 |
| P2 |
386.59 |
383.65 |
403.91 |
| P3 |
394.73 |
392.70 |
432.02 |
AI Generated Signals for PH
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for PH:
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