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 (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 .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Neutral | Strong |
P1 | 0 | 0 | 304.45 |
P2 | 312.29 | 308.26 | 322.22 |
P3 | 316.93 | 315.73 | 340.13 |
Long Term Trading Plans for PH
May 7, 2021, 3:45 pm ET
The Technical Summary and Trading Plans for PH help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PH Report.
PH - (Long) Support Plan
The technical summary data tells us to buy PH near 304.45 with an upside target of 322.22. This data also tells us to set a stop loss @ 303.57 to protect against excessive loss in case the stock begins to move against the trade. 304.45 is the first level of support below 318.72 , and by rule, any test of support is a buy signal. In this case, support 304.45 would be being tested, so a buy signal would exist.
PH - (Short) Resistance Plan
The technical summary data is suggesting a short of PH as it gets near 322.22 with a downside target of 304.45. We should have a stop loss in place at 323.15though. 322.22 is the first level of resistance above 318.72, and by rule, any test of resistance is a short signal. In this case, if resistance 322.22 is being tested, so a short signal would exist.