How the (PH) price action is used to our Advantage
January 16, 2024, 04:04 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PH
- Buy PH slightly over 443.3 target 470.62 stop loss @ 442.02 Details
The technical summary data tells us to buy PH near 443.3 with an upside target of 470.62. This data also tells us to set a stop loss @ 442.02 to protect against excessive loss in case the stock begins to move against the trade. 443.3 is the first level of support below 460.32 , and by rule, any test of support is a buy signal. In this case, support 443.3 is being tested, a buy signal would exist.
- Short PH slightly under 470.62, target 443.3, stop loss @ 471.98 Details
The technical summary data is suggesting a short of PH as it gets near 470.62 with a downside target of 443.3. We should have a stop loss in place at 471.98though. 470.62 is the first level of resistance above 460.32, and by rule, any test of resistance is a short signal. In this case, if resistance 470.62 is being tested, a short signal would exist.
Swing Trading Plans for PH
- Buy PH slightly over 460.6, target 470.62, Stop Loss @ 459.27 Details
If 460.6 begins to break higher, the technical summary data tells us to buy PH just slightly over 460.6, with an upside target of 470.62. The data also tells us to set a stop loss @ 459.27 in case the stock turns against the trade. 460.6 is the first level of resistance above 460.32, and by rule, any break above resistance is a buy signal. In this case, 460.6, 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 460.6, target 452.2, Stop Loss @ 461.93. Details
The technical summary data is suggesting a short of PH if it tests 460.6 with a downside target of 452.2. We should have a stop loss in place at 461.93 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, 460.6, 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 460.6, target 463.56, Stop Loss @ 459.53 Details
If 460.6 begins to break higher, the technical summary data tells us to buy PH just slightly over 460.6, with an upside target of 463.56. The data also tells us to set a stop loss @ 459.53 in case the stock turns against the trade. 460.6 is the first level of resistance above 460.32, and by rule, any break above resistance is a buy signal. In this case, 460.6, 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 460.6, target 459.98, Stop Loss @ 461.67. Details
The technical summary data is suggesting a short of PH if it tests 460.6 with a downside target of 459.98. We should have a stop loss in place at 461.67 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, 460.6, 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 January 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
413.68 |
| P2 |
459.98 |
452.2 |
443.3 |
| P3 |
463.56 |
460.6 |
470.62 |
AI Generated Signals for PH
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Parker-hannifin Corporation (NYSE: PH) data table below can help you with price action, and we have more details too. Trading plans for PH are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PH:
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