Trend Tracker for Parker Hannifin $PH

October 09, 2023, 10:30 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PH

• Buy PH slightly over 377.45 target 406.13 stop loss @ 376.36 Details

The technical summary data tells us to buy PH near 377.45 with an upside target of 406.13. This data also tells us to set a stop loss @ 376.36 to protect against excessive loss in case the stock begins to move against the trade. 377.45 is the first level of support below 391.33 , and by rule, any test of support is a buy signal. In this case, support 377.45 would be being tested, so a buy signal would exist.

• Short PH slightly under 406.13, target 377.45, stop loss @ 407.3 Details

The technical summary data is suggesting a short of PH as it gets near 406.13 with a downside target of 377.45. We should have a stop loss in place at 407.3though. 406.13 is the first level of resistance above 391.33, and by rule, any test of resistance is a short signal. In this case, if resistance 406.13 is being tested, so a short signal would exist.

Swing Trading Plans for PH

• Buy PH slightly over 406.13, target 434.46, Stop Loss @ 404.96 Details

If 406.13 begins to break higher, the technical summary data tells us to buy PH just slightly over 406.13, with an upside target of 434.46. The data also tells us to set a stop loss @ 404.96 in case the stock turns against the trade. 406.13 is the first level of resistance above 391.33, and by rule, any break above resistance is a buy signal. In this case, 406.13, 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 406.13, target 391.04, Stop Loss @ 407.3. Details

The technical summary data is suggesting a short of PH if it tests 406.13 with a downside target of 391.04. We should have a stop loss in place at 407.3 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, 406.13, 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 406.13, target 434.46, Stop Loss @ 405.18 Details

If 406.13 begins to break higher, the technical summary data tells us to buy PH just slightly over 406.13, with an upside target of 434.46. The data also tells us to set a stop loss @ 405.18 in case the stock turns against the trade. 406.13 is the first level of resistance above 391.33, and by rule, any break above resistance is a buy signal. In this case, 406.13, 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 406.13, target 391.04, Stop Loss @ 407.08. Details

The technical summary data is suggesting a short of PH if it tests 406.13 with a downside target of 391.04. We should have a stop loss in place at 407.08 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, 406.13, 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 October 09:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	377.45
P2	378.77	379.95	406.13
P3	387.22	391.04	434.46

AI Generated Signals for PH

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The data for Parker Hannifin (NYSE: PH) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PH change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PH is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PH too.  All of these are offered below the Summary Table.