When the Price of (PH) Talks, People Listen
December 22, 2024, 17:20 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PH
- Buy PH near 609.98 target 660.21 stop loss @ 608.22 Details
The technical summary data tells us to buy PH near 609.98 with an upside target of 660.21. This data also tells us to set a stop loss @ 608.22 to protect against excessive loss in case the stock begins to move against the trade. 609.98 is the first level of support below 647.2 , and by rule, any test of support is a buy signal. In this case, support 609.98 would be being tested, so a buy signal would exist.
- Short PH slightly under 660.21, target 609.98, stop loss @ 662.12 Details
The technical summary data is suggesting a short of PH as it gets near 660.21 with a downside target of 609.98. We should have a stop loss in place at 662.12though. 660.21 is the first level of resistance above 647.2, and by rule, any test of resistance is a short signal. In this case, if resistance 660.21 is being tested, so a short signal would exist.
Swing Trading Plans for PH
- Buy PH slightly over 654.44, target 660.21, Stop Loss @ 652.55 Details
If 654.44 begins to break higher, the technical summary data tells us to buy PH just slightly over 654.44, with an upside target of 660.21. The data also tells us to set a stop loss @ 652.55 in case the stock turns against the trade. 654.44 is the first level of resistance above 647.2, and by rule, any break above resistance is a buy signal. In this case, 654.44, 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 654.44, target 638.22, Stop Loss @ 656.33. Details
The technical summary data is suggesting a short of PH if it tests 654.44 with a downside target of 638.22. We should have a stop loss in place at 656.33 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, 654.44, 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 654.44, target 660.21, Stop Loss @ 652.91 Details
If 654.44 begins to break higher, the technical summary data tells us to buy PH just slightly over 654.44, with an upside target of 660.21. The data also tells us to set a stop loss @ 652.91 in case the stock turns against the trade. 654.44 is the first level of resistance above 647.2, and by rule, any break above resistance is a buy signal. In this case, 654.44, 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 654.44, target 644.57, Stop Loss @ 655.97. Details
The technical summary data is suggesting a short of PH if it tests 654.44 with a downside target of 644.57. We should have a stop loss in place at 655.97 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, 654.44, 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 Corporation (PH) available here: PH.
PH Ratings for December 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
609.98 |
| P2 |
631.25 |
638.22 |
660.21 |
| P3 |
644.57 |
654.44 |
705.99 |
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 Corporation (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:
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