Our Thoughts on Parker-Hannifin Corporation ($PH) (2019-11-18)

REPORTING FOR 2019-11-18 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how PH has been trading over the last 2 weeks and the past day especially. On its latest session, Parker-Hannifin Corporation ($PH) opened at 196.39, reaching a high of 197.63 and a low of 195.56 before closing at a price of 196.65. There was a total volume of 430707.

VOLUME INDICATORS FOR PARKER-HANNIFIN CORPORATION ($PH): We saw an accumulation-distribution index of 716.59476, an on-balance volume of -194.25, chaikin money flow of 2.33871 and a force index of 1.6632. There was an ease of movement rating of 0.01773, a volume-price trend of 25.43268 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR PARKER-HANNIFIN CORPORATION ($PH): We noted an average true range of 2.57537, bolinger bands of 197.12331, an upper bollinger band of 192.28669, lower bollinger band of 195.56, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 196.52667, high band keltner channel of 195.28667, low band keltner channel of 197.76667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 195.56, a donchian channel low band of 195.56, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR PARKER-HANNIFIN CORPORATION ($PH): We calculated a Moving Average Convergence Divergence (MACD) of -0.03837, a MACD signal of -0.02131, a MACD difference of -0.01705, a fast Exponential Moving Average (EMA) indicator of 195.56, a slow Exponential Moving Average (EMA) indicator of 195.56, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.1599, a trix of 9.21701, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -22.38753, a KST Oscillator (KST) of 129.27883 and a KST Oscillator (KST Signal) of 129.27883 (leaving a KST difference of -2.46864). We also found an Ichimoku rating of 197.01, an Ichimoku B rating of 197.01, a Ichimoku visual trend A of 178.41346, an Ichimoku visual trend B of 182.17945, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR PARKER-HANNIFIN CORPORATION ($PH): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 96.42512, a stochastic oscillator of 166.93548, a stochastic oscillator signal of 166.93548, a Williams %R rating of 66.93548 and an awesome oscillator of 0.1215.

RETURNS FOR PARKER-HANNIFIN CORPORATION ($PH): There was a daily return of 12.92788, a daily log return of -0.87826 and a cumulative return of -0.87441.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-18 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Parker-Hannifin Corporation ($PH)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Parker-Hannifin Corporation ($PH) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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