When the Price of Parker Hannifin $PH Talks, People Listen
November 06, 2023, 21:30 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PH
- Buy PH slightly over 378.94 target 408.61 stop loss @ 377.85 Details
The technical summary data tells us to buy PH near 378.94 with an upside target of 408.61. This data also tells us to set a stop loss @ 377.85 to protect against excessive loss in case the stock begins to move against the trade. 378.94 is the first level of support below 406.14 , and by rule, any test of support is a buy signal. In this case, support 378.94 would be being tested, so a buy signal would exist.
- Short PH slightly under 408.61, target 378.94, stop loss @ 409.79 Details
The technical summary data is suggesting a short of PH as it gets near 408.61 with a downside target of 378.94. We should have a stop loss in place at 409.79though. 408.61 is the first level of resistance above 406.14, and by rule, any test of resistance is a short signal. In this case, if resistance 408.61 is being tested, so a short signal would exist.
Swing Trading Plans for PH
- Buy PH slightly over 408.18, target 408.61, Stop Loss @ 407 Details
If 408.18 begins to break higher, the technical summary data tells us to buy PH just slightly over 408.18, with an upside target of 408.61. The data also tells us to set a stop loss @ 407 in case the stock turns against the trade. 408.18 is the first level of resistance above 406.14, and by rule, any break above resistance is a buy signal. In this case, 408.18, 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 408.18, target 381.67, Stop Loss @ 409.36. Details
The technical summary data is suggesting a short of PH if it tests 408.18 with a downside target of 381.67. We should have a stop loss in place at 409.36 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, 408.18, 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 408.18, target 408.61, Stop Loss @ 407.23 Details
If 408.18 begins to break higher, the technical summary data tells us to buy PH just slightly over 408.18, with an upside target of 408.61. The data also tells us to set a stop loss @ 407.23 in case the stock turns against the trade. 408.18 is the first level of resistance above 406.14, and by rule, any break above resistance is a buy signal. In this case, 408.18, 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 408.18, target 405.56, Stop Loss @ 409.13. Details
The technical summary data is suggesting a short of PH if it tests 408.18 with a downside target of 405.56. We should have a stop loss in place at 409.13 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, 408.18, 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 November 06:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Weak |
Strong |
P1 |
0 |
0 |
378.94 |
P2 |
405.56 |
381.67 |
408.61 |
P3 |
426.22 |
408.18 |
437.97 |
AI Generated Signals for PH
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Parker Hannifin (NYSE: PH) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for PH can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PH: